OpenWorld Agrees to Buy Blocksight for Tokenized Financing Plans

OpenWorld has signed a definitive agreement to acquire Blocksight, whose AI tools are slated to validate assets and report on more than $1.1 billion in proposed tokenized financing projects. OpenWorld announced the agreement Oct. 1. Blocksight’s software is designed to support project planning, asset checks, investor onboarding and reporting, while people retain approval over key decisions. The acquisition remains subject to customary closing conditions. Two later, nonbinding term sheets outline the proposed projects. On Oct. 7, OpenWorld and BeyondAI agreed to explore up to $130 million in intellectual property-backed financing.

Source: TokenPost