UK and London based digital asset brokerage GlobalBlock has announced that it has agreed a business combination with Canadian listed Helix Applications (Helix).
Helix, a publicly listed company listed on Toronto’s TSX Venture exchange, has acquired the shares in GlobalBlock at a value of £32m, subject to regulatory and stock exchange approval.
Helix is a blockchain application and technologies developer that has been in discussions with GlobalBlock since March 2021.
Following this agreement Helix will change its name and the new entity will undertake the business of providing digital asset trading services via GlobalBlock’s digital asset trading platform, mobile app and personalised telephone broking service.
David Thomas, Director and Co-Founder of GlobalBlock said: “Ever since we established GlobalBlock in 2018 we have been serving individuals and businesses with a secure platform to trade cryptocurrencies via our personalised telephone service, digital asset trading platform and mobile app. We believe that we are still at the beginning of the evolution of the…
