OneDegree, a Hong Kong-based insurer of digital assets, has been approached by investment banks about going public through a blank-check company, Bloomberg reports, citing the company’s co-founder said.
The firm, one of four with a so-called virtual insurer license in Hong Kong, expects to carry out a funding round in coming months to finance expansion, Alvin Kwock said in an interview without giving specifics. He said no decision has been made on whether to merge with a special purpose acquisition company. OneDegree raised $28 million in August. Read more.
