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  • 🌙 Robinhood Acquired WonderFi for CA $250M

🌙 Robinhood Acquired WonderFi for CA $250M

Robinhood revealed Tuesday that it’s acquiring Canadian crypto leader WonderFi for CA$250 million (around $178.56 million) in an all-cash deal.

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Crypto Roundup - May 13

Robinhood is making a strategic international expansion by acquiring WonderFi, a Canadian crypto platform, for $179 million, aiming to strengthen its global crypto footprint. Meanwhile, Yuga Labs is stepping back from direct stewardship of CryptoPunks by transferring its intellectual property rights to the newly formed Infinite Node Foundation to ensure long-term preservation and decentralized development. In the institutional finance space, VanEck has entered the tokenized asset race with a new fund offering exposure to U.S. Treasuries on the Ethereum network, signaling growing traditional finance interest in blockchain-based products.

Top Stories

  • Robinhood to acquire WonderFi in a $179M deal, expanding its crypto operations into Canada.

  • Yuga Labs transfers CryptoPunks IP to Infinite Node Foundation, promoting decentralized stewardship.

  • VanEck launches tokenized treasury fund on Ethereum, advancing the tokenization of real-world assets.

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