backs new cryptocurrency exchange subsidiary with $10bn influx

US blockchain software company has invested $10bn into its new cryptocurrency exchange subsidiary Bullish Global.

Established in 2016, is a software publisher specializing in high-performance blockchain technologies. Its first project, EOSIO, is an open-source blockchain protocol designed to enable secure data transfer and high-performance decentralized applications.

According to, Bullish Global will be focused on the planned release of Bullish, which is a new blockchain-based cryptocurrency exchange designed to combine performance, user privacy and compliance offered by central order book technology.

The company said the Bullish exchange will provide new automated market making, lending and portfolio management tools to its users. Bullish will use EOSIO and the EOS Public Blockchain to create a cryptographically validated audit trail of all transactions processed on the Bullish platform.

As part of the $10bn investment, Bullish received $300m in investment from a funding round joined by PayPal co-founder Peter Thiel alongside Alan Howard, Louis Bacon, Christian Angermayer, Richard Li Galaxy Digital and global investment bank Nomura. Thiel, Howard, Li and Angermayer will serve as senior advisors to Bullish. 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.”

Bacon added, “The cryptocurrency market continues to benefit from institutional adoption, and Bullish is well positioned to leverage blockchain-based market structures that will play an important role in further improving access for institutional and retail investors.”

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