According to online reports, according to people familiar with the matter, the main broker Hidden Road is negotiating the acquisition with a crypto-native company. Negotiations are still in progress, but no final agreement has yet been reached. The company focuses on crypto and traditional assets and raised approximately US$50 million last year, with investors including Dragonfly Capital and others. FT Partners serves as its adviser. It has been previously reported that Hidden Road is considering selling or financing, and its valuation may exceed US$1 billion. The company had no comment.