CIXX - CI Financial invests in digital asset trading platform Newton Crypto

CI Financial (NYSE:CIXX) invested in Newton Crypto, a Canadian crypto trading platform, "to strengthen our leadership position in digital assets in Canada,” CI President and Chief Operating Officer Darie Urbanky. CI acquired the minority stake in Newton as part of a US$20 million Series B funding round completed on February 4, 2022, the company said. The funding round brought Newton's valuation to approximately $200M.  Previously, (Jan. 11) CI Financial bought Northwood Family Office in Canada.

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CI Financial invests in digital asset trading platform Newton Crypto