Brief Overview:
• Tether invested $200 million in Blackrock Neurotech, becoming its major shareholder.
•The funds will be used to strengthen the commercialization and research and development of Blackrock’s brain-computer interface.
• This strategic move is in line with Tether’s vision of combining technology with human potential.
Tether has injected $200 million of capital into Blackrock Neurotech, securing its position as a major shareholder.
This strategic investment by Tether marks an important shift for the company into brain-computer interface (BCI) technology, underscoring the company’s vision to enhance human capabilities through technology.
Tether expands its portfolio with investment in Blackrock Neurotech
Blackrock Neurotech has been at the forefront of BCI technology development. The Salt Lake City, Utah-based company develops cutting-edge technology to help patients with severe neurological conditions. These devices enable users to perform complex actions such as controlling a robotic arm, maneuvering a wheelchair, and even driving a car simply by thinking.
Tether’s investment will be used primarily to support the commercialization and broader rollout of Blackrock’s medical solutions. In addition, it will strengthen ongoing research and development efforts to maintain Blackrock Neurotech’s leadership in the BCI field.
Tether CEO Paolo Ardoino commented on the investment, saying it was a step forward in its goal to more deeply integrate transformative technologies that bridge human cognitive abilities with advanced computing capabilities.
“Blackrock Neurotech is just the beginning of the journey we are embarking on with Tether Evo, a journey to redefine the boundaries of possibility at the intersection of technological innovation and human potential,” said Ardoino.
Florian Solzbacher, co-founder of Blackrock Neurotech, also highlighted the potential of this partnership to significantly advance healthcare and technology integration.
This strategic partnership demonstrates Tether’s shift toward diversification beyond its stablecoin roots and aligns with its goal of leveraging the power of technology to achieve its broader vision across multiple sectors.
