Uphold is considering an IPO or sale, seeking a valuation of more than $1.5 billion

Odaily News Digital asset trading platform Uphold is considering an initial public offering (IPO) or a sale. Its CEO Simon McLoughlin revealed that the board of directors has appointed FT Partners to explore strategic options, including an IPO in the United States or a sale to other companies. He said that many banks and financial institutions are currently interested in Uphold, and MA transactions are also an option. Although McLoughlin did not disclose the valuation, people familiar with the matter said the valuation exceeded US$1.5 billion. (TheBlock)