Prophecy DeFi Acquires 60% Stake in Layer2 Blockchain Inc.
July 9, 2021
Prophecy DeFi Inc. completed the acquisition of 60% of the issued and outstanding common shares of Layer2 Blockchain Inc., issuing 25,000,000 Prophecy common shares to Layer2 shareholders as consideration. The majority stake gives Prophecy control to accelerate Layer2's DeFi operations — including liquidity provisioning, market making, cross-chain arbitrage and staking — as part of Prophecy's broader decentralized finance investment ecosystem.
- Buyers
- Prophecy DeFi Inc.
- Targets
- Layer2 Blockchain Inc.
- Sellers
- Shareholders of Layer2 Blockchain Inc.
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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