- The erstwhile Barclays boss’s blank-cheque vehicle is merging with digital-currency operator Circle, whose blockchain-based products may one day threaten corporate banks’ core business.
- Circle is seeking to usurp traditional lenders by offering fast, cheap treasury and payments services secured via blockchains.
- The 8-year-old company also wants to create blockchain equivalents for corporate bonds and equities, so that clients can raise money directly from investors without paying wholesale banks’ chunky underwriting commissions.
For further details see:
Bob Diamond SPAC Takes Aim At His Former Employer