Blockchain Alliance which is based in Singapore and owns the majority of Bituumb, one of the world’s largest Cryptocurrency exchanges, is looking to buy a US-listed company Blockchain Industries, and obtain public quoted status itself.By doing a reserve takeover it is faster and cheaper potentially than doing an Initial Public Offering (IPO) and will mean that Blockchain Alliance is the world’s first publicly listed crypto exchange with the intention of getting a NYSE or NASDAQ quote. This could put the newly quoted company in a strong position to start buying up other exchanges funded by equity not tokens offering mutual and pension fund managers access to the Digital Asset sector.
