TechFlow, June 10 — According to The Block, Simon McLoughlin, CEO of Uphold, a digital assets trading and financial services platform, said the company's board has appointed FT Partners to explore strategic options, including the possibility of an initial public offering (IPO) in the United States or being acquired by a payments company.
Insiders revealed that Uphold is seeking a valuation of over $1.5 billion. McLoughlin also mentioned that the company is actively expanding into the U.S. consumer market interested in XRP. Uphold is a platform offering cryptocurrency trading and other financial services, supporting trading of multiple digital assets including XRP.
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