Wall Street’s LionTree announces exploring crypto payment options

Wall Street’s LionTree announces exploring crypto payment options


LionTree, Wall Street’s popular financial advisor that had helped Amazon acquire MGM studios earlier this year, is reportedly exploring crypto payment options.



Also, an investment banking firm, LionTree, has expressed it is looking into cryptocurrencies as a payment option. In its year-end letter for 2021, Aryeh Bourkoff, the Chairman and CEO, has discussed crypto as a potential tool for “empowering individuals” and that the company is interested in exploring some of the biggest trends in crypto, “like decentralized finance (DeFi) and nonfungible tokens (NFTs).”



Bourkoff has written that in 2021, cryptocurrencies have made themselves “impossible to ignore,” reaching the market cap that surpassed $3 trillion.


He also wrote that people with more cash than the usual were on the lookout for a safe place “to guard their money against inflation,” other than finding higher returns and ensuring higher yields, thus making crypto the most viable option.



In this document, Bourkoff has even hinted at exploring crypto payment options for all its services in the coming future. He explained that the firm is “currently exploring ways to start accepting crypto as payment” for their services, and “in the not-so-distant future,” as the ecosystem grows and the firm’s relationships continue to mature, LionTree might even create their own “LionTree token of trust.”



Bourkoff lauded the milestones and achievements of the crypto market in the year 2021, while simultaneously highlighting some of its obstacles and flaws that it needs to overcome. He said that the technology needs to be “more energy-efficient”, whereas the focus should be on “building more user-friendly interfaces.”



A comparatively small firm in size, LionTree it has been involved in some of the most significant media partnerships and acquisitions that happened in 2021. The company had also played a key role in the merger of WarnerMedia with Discovery Inc while its financial advisory group assisted with Amazon’s acquisition of MGM Studios. 


LionTree was also noted to have helped Snap Inc. with its Initial Public Offering.

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img

You might also like...