Nasdaq-listed financial technology company Netcapital announced the acquisition of crypto-native protocol Mixie by its portfolio company, Zelgor. The deal, which aims to bridge traditional and decentralized finance (DeFi), was finalized for an undisclosed sum.

Netcapital, headquartered in Boston and operating a registered SEC digital capital market platform, highlighted particular interest in Mixie’s tokenization capabilities and accelerator model for early-stage founders. The acquisition, driven by Zelgor, seeks to enhance synergies between “Mixie’s tokenization infrastructure and Netcapital’s browser-based security offering.”

Crypto M&A Activity on the Rise

2025 is experiencing heightened crypto-Mergers and Acquisitions (M&A) activity, indicating broad industry consolidation as maturity increases. Architect Partners reports first-quarter deals reached record highs.

Significant transactions this quarter include Coinbase’s $2.9 billion acquisition of Deribit and Ripple’s $1.5 billion purchase of Hidden Road. Favorable U.S. regulation and declining financing costs fuel the trend, according to industry analysts.

“Industry consolidation will persist,” notes an executive. “Funding remains crowded, driving strategic M&A activity as platforms seek tokenization expansion and enhanced security features,” consistent with the Netcapital-Mixie deal rationale.