Acquisition

Robinhood Markets will acquire Indonesian brokerage Buana Capital Sekuritas and licensed digital asset trader Pedagang Aset Kripto, the company said in a Sunday blog post, marking its entry into a major Southeast Asian crypto market.

Turkish exchange Paribu has bought CoinMENA for $240 million, gaining regulatory licenses in Bahrain and Dubai and direct access to the MENA region’s fast-growing crypto user base.

Ripple has closed its $1 billion purchase of GTreasury, marking a major expansion into corporate treasury management and signaling a deeper push into global corporate finance. The deal could accelerate enterprise adoption of blockchain-based settlement and liquidity tools.

Solmate agreed to acquire RockawayX in an all-stock transaction that will create a combined Solana-focused firm valued at about $2 billion. The deal folds RockawayX’s infrastructure, liquidity, and asset management units into Solmate.

Upbit founders Song Chi-hyung and Kim Hyoung-nyon became billionaires after selling Dunamu to Naver in a $13.6 billion deal. The acquisition highlights a major corporate play into South Korea’s crypto ecosystem.

Goldman Sachs will buy active ETF provider Innovator Capital Management in a cash-and-stock transaction valued at about $2 billion, the firm announced Monday. The move bolsters Goldman’s push into the fast-growing ETF sector and expands its product and distribution capabilities.

Paxos announced on Tuesday that it has acquired Fordefi as part of a push to broaden its custody offerings for institutional clients. The deal brings Fordefi’s custody technology and team into Paxos’ regulated infrastructure.

Exodus reported stronger third-quarter results with rising Bitcoin revenue and announced a Latin America payments acquisition to expand its Bitcoin-focused services. The deal signals a push into payments and remittance markets where crypto rails can drive growth.