Tera Exchange enters an agreement with MGT Capital

MGT Capital Investments Inc. has officially entered into an agreement with Tera Group Inc., the owner of regulated swap execution facility (SEF) TeraExchange LLC, for the approval of transfer of share ownership by the Securities and Exchange Commission (SEC). Tera is known for its contribution in the development of bitcoin derivatives.

"Growing consumer and merchant adoption of bitcoin is driving demand for regulated capital markets solutions. By combining with MGT, Tera will create a unique public offering to support the essential infrastructure needed for a vibrant global bitcoin ecosystem", said Christian D. Martin, chairman, chief executive officer and co-founder of Tera.