Blockchain firm AVA Labs acquired private investment platform Investery to further expand its operations.

AVA Labs told Cointelegraph on Feb. 27 that the acquisition will enhance its financial offering by enabling access to individual asset platforms and the issuance of individual fiscal assets. Furthermore, Investery's existing partnerships volition also transition over to AVA.

An expansion to private fiscal asset management

Acquiring Investery will expand AVA Labs' capabilities in managing private fiscal assets. The acquired firm provides a platform that assists investors in researching, managing and transacting in private markets while also helping issuers create new private fiscal assets. Furthermore, the solution includes multiple marketplaces, assuasive investors to run into their total inventory in i place.

Emin Gün Sirer, AVA Labs' co-founder and CEO, said that he expects this acquisition to assist the firm in reaching new customers and broaden its partnerships. John Wu, CEO and Founder of Investery, also said that his firm agrees with AVA's strategy of leveraging blockchain to drive liquidity.

The firms also announced that Wu will bring together AVA Labs every bit president and Lydia Chiu, Investery's vice president of Business Development and Product, will join the business firm with the aforementioned role she had before the acquisition.

Before founding Investery, Wu founded Sureview Majuscule with a strategic investment from Blackstone and was formerly a tech investor at Kingdon Capital and Tiger Management. Chiu, on the other mitt, previously worked at Morgan Stanley and Credit Suisse. Furthermore, she was the director of digital assets at SharePost, senior annotator at Sureview Upper-case letter.

The last major acquisition in the financial engineering space

This month, industry players carried out multiple acquisitions in the financial engineering science space. Equally Cointelegraph recently reported, major investment banking company Morgan Stanley is buying online trading firm E*Trade Fiscal Group, which would extend the depository financial institution's offerings to everyday investors.

At the start of February, also the Intercontinental Exchange — the owner of the New York Stock Exchange — appear plans to larn software service Bridge2 in grooming for an app launch from ICE's subsidiary, Bakkt.