Investment app Public acquired the cryptocurrency business of cryptocurrency IRA provider Alto for $65 million in cash and stock. Alto, a company that allows users to add alternative assets to their retirement accounts, manages about $600 million in assets.
According to the agreement, Public will fully integrate Alto's cryptocurrency accounts in 2026, while Alto will continue to operate as a service provider. Alto will continue to operate its other businesses independently, including investment projects such as private credit and venture capital.
Public to acquire Alto's crypto business for $65 million
2025-11-13 15:38:17
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