Swedish Company Cryex that Tried to Build Blockchains for Banks is Being Bought Out

in crypto •  7 years ago 

Cryex, a company that intended to build blockchains for banks, is being sold off for bottom dollar. The business started to face difficult economic times, according to a news piece published today in Swedish media. The Swedish-based bitcoin exchange Safello are buying in exchange for shares, no cash involved, according to reports. Cryex originally burst into the spotlight in 2015 when investors poured 10+ millions of dollars worth of seed funding into the company.

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