High-profile online investment platform Bnk To The Future (BF) is reportedly planning an acquisition for Crypto lending platform SALT via a buyout offer. 

Specifically, the inititaive is reportedly revealed by the firm said to have the potential to streamline its product offerings, as well as making strides towards its mission of enhancing the accessibility of crypto assets to mainstream audiences. 

Bnk To The Future (BF) has reportedly finalized the submission of a letter of intent, in a bid to carry out the acquisition of SALT for an anonymous sum. 

The purchase is reportedly contingent on both parties signing definitive agreements and pending regulatory review. Robert Odell, SALT’s chief product officer, regarded the potential acquisition as being a unity of first-movers in the cryptocurrency market. 

“This potential union will combine SALT, the world’s first crypto lending platform, with BF, the world’s first Bitcoin and crypto securities business.”

The agreement, should it be finalized, would have no negative effect on current SALT clients. “We want to assure you that there will be no changes to your loan as a result of this announcement,” the firm further revealed.

Established in 2016, SALT is among the first crypto-supported lending platforms to offer borrowers the ability to secure U.S. dollar-denominated loans collateralized via digital assets including Bitcoin (BTC) or Ether (ETH). 

The firm’s founding preceded what is referred to as DeFi Summer of 2020, which saw dozens of decentralized finance protocols reach multi-billion-dollar valuations.

Bnk To The Future operates as a micro venture capital entity enabling investors to support early-stage fintech and crypto establishments, for a sum that goes as low as $1,000. Startups can also raise capital through the platform by pitching their products and services directly to investors. Through BK, startups have reportedly raised over $1.7 billion.