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Seeking Alpha 2021-05-04 12:33:07

Crypto platform Apfinity confirms 2021 go-public deal and names FBI veteran to board

Cryptocurrency platform Apfinity announced Tuesday that former FBI Deputy Director Timothy Murphy is joining its board as the company confirmed plans to go public this year.Apfinity said in a statement that Murphy will serve on the board’s audit committee and chair its compensation committee “to help the company with its planned public offering in 2021.”That’s the first confirmation that Apfinity is planning a 2021 go-public move. The San Franciso-based company had said in February that it was “considering going public,” then said last week in announcing a FINRA broker-dealer license that it was moving “toward a public offering” without saying when.But Tuesday, the company said its go-public plans would benefit from the addition of Murphy to Apfinity’s board.“Tim brings outstanding value in global operations, compliance and regulatory knowledge and a proven track record guiding public and private global companies,” company CEO Haohan Xu said. “His executive global operations and compliance

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