Digital Asset Assurance
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Bridgepoint to Acquire Majority Stake in Crypto Audit Firm ht.digital
Yahoo Finance· 2025-11-25 16:35
Core Insights - Bridgepoint Group is set to acquire a majority stake in ht.digital, a digital asset assurance specialist, with a reported valuation of £200 million (approximately $262 million) [1][2] - The acquisition is expected to complete in the first half of 2026, pending regulatory approvals [1] - The investment will be made through Bridgepoint Development Capital V, which focuses on fast-growing European businesses [1] Regulatory Environment - There is increasing regulatory scrutiny on digital asset transparency, driving demand for audits [3] - The European Central Bank has highlighted a significant growth in stablecoins, which increased by 48% to $300 billion, indicating a need for regulatory compliance [3] - Major exchanges and stablecoin issuers have adopted stricter audit requirements following the collapse of FTX in late 2022 [4] Company Performance - ht.digital has achieved nearly 100% organic revenue growth over the past two years and serves over 700 clients globally [6] - The firm specializes in verifying crypto company asset holdings and conducting blockchain transaction audits [2][6] - The partnership with Bridgepoint aims to support ht.digital's international expansion and technology development [6][7] Market Dynamics - The market for digital asset verification is rapidly growing, with companies like Ondo Finance managing $1.8 billion in digital assets that require verification [7] - Institutional adoption of digital assets is on the rise, as evidenced by JPMorgan's tokenization of private equity funds [5] - The deal represents one of the first major transactions in the crypto audit sector since the FTX collapse, indicating a potential shift in private equity investment in this area [7]