PANews reported on June 10 that according to The Block, digital asset trading platform Uphold is considering an initial public offering (IPO) or sale. Its CEO Simon McLoughlin revealed that the board of directors has appointed FT Partners to explore strategic options, including an IPO in the United States or selling to other companies. He said that many banks, financial institutions, etc. are currently interested in Uphold, and mergers and acquisitions are also an option. Although McLoughlin did not disclose the valuation, people familiar with the matter said the valuation exceeded US$1.5 billion. Uphold's CEO said that potential IPOs or sales require in-depth analysis, and if other companies are acquired, listing on the Nasdaq may be beneficial. He said that the company is developing rapidly, with many mergers and acquisitions in the industry. Due to the growth of corporate business, revenue is expected to increase from US$80 million in 2022 to more than US$300 million today.