Digital Assets and Blockchain

Bitvo Inc. in its sale of all of its client accounts to Bitbuy Technologies Inc.

Osler acted for Bitvo Inc. in its sale of all of its client accounts to Bitbuy Technologies Inc., a wholly-owned subsidiary of WonderFi Technologies Inc., as announced on November 13, 2023.Bitvo is a crypto-trading platform based in Calgary, Alberta that is registered as a restricted dealer with the securities commissions...

Lead Office: Calgary Date Closed: November 13, 2023 Value: -

Blockstream in its raising of US$125 million to develop their crypto mining services

On January 24, 2023, Blockstream raised US$125 million in a convertible notes and secure loan financing. The convertible note was led by Kingsway Capital and had participation from Fulgur Ventures. Blockstream plans on allocating this funding towards further developing their crypto mining services as the company sees an increased demand...

Lead Office: Montréal Date Closed: January 24, 2023 Value: US$125

Bitvo Inc. in its proposed acquisition by FTX Trading

On June 17, 2022, Bitvo Inc., a Calgary-based crypto asset trading platform, announced that it entered an agreement to be acquired by FTX Trading. Bitvo is registered as a restricted dealer, allowing it to offer crypto asset trading services across all provinces and territories in Canada.Osler, Hoskin & Harcourt LLP...

Lead Office: Calgary Date Closed: -- Value: -

VirgoCX in connection with Virgo Group’s $10 million Series A financing round

On June 8, 2022, Virgo Group, the parent company of VirgoCX, announced it had completed its $10 million Series A financing round led by Draper Dragon and saw participation from Blockdream Ventures, Cobo Ventures, Molecular Group, Sora Ventures, and How Link Investment. Virgo Group will use this all-equity...

Lead Office: Toronto Date Closed: June 8, 2022 Value: $10 million

Round13 Capital in the formation of its new VC Fund

On May 19, 2022, Round13 Capital announced it had completed an initial US$70 million closing for its recently launched Digital Asset Fund, from a group of undisclosed investors led by a major Canadian pension fund, with support from other institutions, family offices, high-net-worth individuals, and members of the...

Lead Office: Toronto Date Closed: May 19, 2022 Value: US$70 million

Blockstream in its US$210 million Series B financing round

On August 24, 2021, Blockstream completed the first close of its US$210 million Series B financing round, bringing the company to a US$3.2 billion valuation and achieving unicorn status. The round was led by Ballie Gifford, with participation from iFinex and other undisclosed investors. Blockstream will use the...

Lead Office: Montréal Date Closed: August 24, 2021 Value: US$210 million

Ledn in its US$30 million Series A financing round

On May 26, 2021, Ledn completed its US$30 million Series A funding round led by UK-based hedge fund Kingsway Capital, with participation from new investors such as crypto venture fund Hashed, Susquehanna Private Equity Investments, and ParaFi Capital. The funding will be used to strengthen Ledn’s global presence,...

Lead Office: Toronto Date Closed: May 26, 2021 Value: US$30 million

Ether Capital in its offering of units and concurrent private placement

On March 15, 2021, Ether Capital Corporation completed an offering of units consisting of one common share and one-half of one common share purchase warrant. Concurrently, Ether Capital also completed an unbrokered private placement of units for gross proceeds of $28.75 million. The offering was led by a...

Lead Office: Toronto Date Closed: March 15, 2021 Value: $28.75 million

Successful hearing before the Ontario Securities Commission (OSC) and subsequent initial public offering of the first publicly-traded bitcoin investment fund in the world

On October 30, 2019, a panel of the Ontario Securities Commission (OSC) released a decision that will allow 3iQ Corp (3iQ), a Canadian investment manager, to offer the world’s first publicly traded bitcoin investment fund. Since late 2016, 3iQ had been developing The Bitcoin Fund (the Fund), a...

Lead Office: Toronto Date Closed: April 1, 2020 Value: -

Horizon Blockchain in its US$5 million seed financing round

On March 7, 2020, Horizon Blockchain announced its US$5 million seed financing for their game SkyWeaver. The financing was led by Initialized Capital and will be used to pursue the closed beta test of SkyWeaver. SkyWeaver is a free to play digital trading card game that is built...

Lead Office: Toronto Date Closed: -- Value: US$5 million