Circle Snags IBM Blockchain Patents in Major Deal

Circle, a digital asset platform, has acquired nearly 1,000 blockchain patents from IBM. The deal is significant as it marks one of the largest patent acquisitions in the crypto space.

The exact terms of the deal were not disclosed, but the acquisition will undoubtedly bolster Circle's position in the industry. As part of Bullish, an institutionally focused global digital asset platform that provides market infrastructure and information services, CoinDesk employees, including journalists, may receive Bullish equity-based compensation.