The ASX is eyeing a collaborative future with upstart super outfit Grow Inc after striking a strategic deal to develop new infrastructure for superannuation funds after a fresh equity injection that valued the blockchain-friendly fintech at more than $100 million.
The Australian Securities Exchange and superannuation fund-backed venture capital firm AirTree have both become significant shareholders in Grow Inc after its latest $25 million financing round that closed last week.
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Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com
