CRC Acted as Financial Advisor in the M&A of Leading Chinese Blockchain Information Company MyToken
Leading Chinese blockchain information company MyToken announced that it has been acquired by Hong Kong-based blockchain investment fund and CRC acted as the exclusive financial advisor. It is worth noting that this acquisition is one of the highest-priced M&A events in the blockchain sector in the past 19 years.
Founded in 2017, MyToken is dedicated to providing the clients with blockchain ecosystem information. With more than 4 million users, MyToken is the world's leading blockchain technology company and has received equity investments from leading investment institutions.
Larry Guo, the founder of MyToken, said: “The entire M&A process took one year to complete, and the design of the M&A transaction was extremely complicated and innovative. The CRC team has a complex background and a deep understanding of both the traditional equity investment and the blockchain industry. The professionalism and responsibility demonstrated in the negotiation and delivery process played a crucial role in the successful completion of the transaction. I am firmly optimistic about the future of the blockchain. In the future, I will continue to pursue exciting entrepreneurial endeavors in this field, and will continue to work closely with CRC!”
Liu Junfeng, the cofounder of CRC, said: “Information providers are important entry points for increasing liquidity in the industry and are currently in a period of rapid development. As the leading enterprise in the industry, MyToken has become one of the most popular applications in China with a dominant market share and secured the highest ranking in the world since its launch. The current business model of MyToken and the acquirer has produced a very effective synergy, which will have a profound impact on the competitive landscape of the entire blockchain field. In the future, M&A activity in the blockchain sector will occur at a higher frequency and CRC will continue to increase its focus on this business and create more value for more customers.”
The representative of the acquirer, Frank Li, said: “MyToken has a good foundation in the market with a strong brand value; it has a wide product portfolio, which lays a solid foundation for future business development. At the same time, Larry and his team's deep understanding of the industry and excellent professionalism ensured the smooth development of the project.”
Zhang Xinyang, the partner of the legal firm who was responsible of the project, said: “The M&A process shows obvious characteristics of the blockchain industry and is extremely complicated. We have revised the trading documents several hundred times. Some innovative solutions explored in this transaction are expected to become an industry benchmark for dealing with the interests of traditional equity and overseas investors. We are looking forward to more cooperation with technology companies in the blockchain industry!”
- CRC is a blockchain investment bank founded by senior executives from top investment institutions in China.
- We are dedicated to providing professional, international and institutional investment banking services to blockchain entrepreneurs.
- CRC has received strategic investments from Huobi Global, JLAB, Gobi VC, Cloudwise and U-nobleman, etc.
- CRC has recently closed subscriptions for its token fund, Blockchain Renaissance I, which is dedicated to support greatest value providers in the blockchain ecosystem.
- For more information, please visit: crc.capital