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Deal will integrate CYBAVO's non-custodial digital asset infrastructure service with Circle Products and expand enterprise and developer services for those building on USDC and Web3 BOSTON, June 10, 2022 /PRNewswire/ TodayCircle Internet Financial Limitedsigned a definitive agreement to acquire Taiwan-basedCYBAVO, a breakthrough crypto technology company that provides platforms for digital asset custody and blockchain application development. CYBAVO's "infrastructure as a service" platform combines their unique "Distributed Risk and Responsibility Model" for digital asset custody and security, highly customizable workflows and operational controls designed for the most demanding enterprise or financial industry workflows, and a deeply extensible model for integrating and running blockchains, protocols and smart contracts. Together with CYBAVO, Circle hopes to advance the adoption of USDC and Web3 applications while deeply integrating the technology into ou ....

United States , San Francisco , Tim Hsu , Jeremy Allaire , Crypto Platform Services , Circle Internet Financial , Cryptographic Module Validation Program , Circle Products , Circle Internet Financial Limited , Paul Fan , Circle Account , Crypto Platform , Internet Financial , Deal Will Integrate Cybavo 39s Non Custodial Digital Asset Infrastructure Service With Circle Products And Expand Enterprise Developer Services For Those Building On Usdc Web3 Boston , June 10 , 022 Prnewswire Todaycircle Internet Financial Limitedsigneda Definitive Agreement To Acquire Taiwan Basedcybavo , A Breakthrough Crypto Technology Company That Provides Platforms For Digital Asset Custody And Blockchain Application Development Cybavo 39s Quot Infrastructure Asa Service Platform Combines Their Unique Distributed Risk Responsibility Model Security , Ighly Customizable Workflows And Operational Controls Designed For The Most Demanding Enterprise Or Financial Industry , Nda Deeply Extensible Model For Integrating And Running Blockchains , Rotocols And Smart Contracts Together With Cybavo , Ircle Hopes To Advance The Adoption Of Usdc And Web3 Applications While Deeply Integrating Technology Into Our Core Product Offerings Circle Also Plans Invest In , Uild And Operate Cybavo 39s Products Services Incorporate Them Asa New Product Pillar For Circle Akin To The Way Quot Cloud Emerged Solution Simplify Software Development Web 2 0 Developers , Uot Crypto Platform Services Quot Has Emerged Alongside The Surge Of Developers And Companies Looking To Build On Web3 It Isa New Category Service That Allows Focus Deliveringa Great Customer Experience Without Worrying About Fundamental Digital Asset Security , Perations And Blockchain Infrastructure Management Quot Cybavo Co Founders Paul Fan Tim Hsu Have Built An Incredibly Impressive Product , Uot Said Jeremy Allaire , O Founder And Ceo At Circle Quot They Are Unlocking Value For Developers Operators Across Nearly Every Major Sector Impacted By Crypto Web3 That Will Help Create New Opportunities Enterprise Developer Services While Also Providing Compelling Enhancements To Our Account Api Capabilities An Improved Customer Experience ,