The deal, which is due to be completed by the end of Q2 2024 for an undisclosed sum, marks Dunes’ first public move since its exit from stealth mode, as the firm readies to unveil its new platform combining cryptocurrency and traditional banking services.
Following the transaction, the start-up will benefit from the Canadian fintech’s banking and cryptocurrency technologies, which include its crypto and fiat transaction settlement solutions.
“The acquisition aligns with our vision of creating a bridge between crypto and fiat, opening up new possibilities for regulated entities and individuals,” explains a Dunes spokesperson.
