According to people familiar with the matter, the main broker Hidden Road is negotiating the acquisition with an crypto-native company. Negotiations are still in progress, but no final agreement has been reached. The company focused on crypto and traditional assets, raised about $50 million in financing last year, and investors include Dragonfly Capital, etc. FT Partners serves as its consultant. Previous reports said Hidden Road was considering selling or raising funds, with a valuation of over $1 billion. The company has not commented yet.