Block.one, the software company behind the EOSIO open-source software, launched a newly formed subsidiary called Bullish Global.
Bullish Global has been capitalized with over US$10 billion in cash and digital assets following an initial injection by Block.one of US$100m, 164,000 BTC, and 20 million EOS, and through the completion of an additional US$300m strategic investment round.
Backers included Peter Thiel’s Thiel Capital and Founders Fund, Alan Howard, Louis Bacon, Richard Li, Christian Angermayer, Galaxy Digital, and global investment bank Nomura. Peter Thiel, Alan Howard, Richard Li, and Christian Angermayer will serve as senior advisors to the company.
Operating as an independent entity under the Block.one parent company, Bullish Global is focused on the 2021 planned release of Bullish, a new blockchain-based cryptocurrency exchange designed to combine central order book technology with decentralized finance (DeFi) market architecture.
Bullish will utilize EOSIO and the EOS Public Blockchain to produce a cryptographically validated, provable, and immutable audit trail of all transactions processed on the Bullish platform.
Led by CEO Brendan Blumer, Block.one is the creator of EOSIO, an open-sourced blockchain software that provides digital creators with the tools to build blockchain infrastructures.