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SOL Strategies invests $18 million to acquire cross-chain aggregator HoudiniSwap
Odaily Planet Daily reports that Nasdaq-listed Solana ecosystem treasury company SOL Strategies announced it has reached a final agreement to acquire cross-chain privacy exchange aggregation platform HoudiniSwap for $18 million.
HoudiniSwap is a non-custodial, privacy-focused cross-chain trading aggregator that supports users in obtaining optimal exchange routes between centralized exchanges, decentralized exchanges, and cross-chain bridges. The platform achieved approximately $13 million in revenue last year.
SOL Strategies stated that this acquisition will support its long-term strategy of “embedding Solana into institutional financial infrastructure” and expand from a single validation node and staking business to trading routing, cross-chain liquidity, and software-based revenue structures. (The Block)