Software company Block.one today announced the launch of new subsidiary Bullish Global.
An independent entity that will operate under Block.one’s parentage, Bullish Global is focused on the rollout this year of Bullish, a blockchain-based cryptocurrency exchange, according to a press release sent to Forkast.News.
Bullish aims to combine the performance, user privacy and compliance offered by central order book technology with the vertically integrated attributes of decentralized finance market architecture.
Bullish will offer automated market making, lending and portfolio management tools using EOSIO and the EOS Public Blockchain to produce a cryptographically validated, provable and immutable audit trail of all transactions it processes.
Bullish Global has been capitalized with more than US$10 billion in cash and digital assets following an initial injection by Block.one of US$100 million, 164,000 Bitcoins and 20 million EOS, and through the completion of a US$300 million strategic investment round. Among the investors leading that capital raise were Peter Thiel’s Thiel Capital and Founders Fund, Alan Howard, Louis Bacon, Richard Li, Christian Angermayer, Galaxy Digital and investment bank Nomura.
Block.one CEO Brendan Blumer said, “The Bullish exchange will leverage blockchain technology and a new market architecture to revolutionize the high-performance trading landscape by transparently automating expensive third-party functions and turning them into yield-generating portfolio management tools to offer institutions and individuals better and safer access to the latest cryptocurrency investment strategies.”
Block.one is the creator of the open-source blockchain software EOSIO.