Tether, the entity behind the renowned Tether stablecoin, recently underwent significant restructuring, culminating in a substantial investment move.
On April 29, Tether revealed a strategic infusion of $200 million into Blackrock Neurotech, effectively securing a majority stake in the neural implant company.
This investment marked the inaugural venture of Tether Evo, a fresh division concentrating on the convergence of human potential and technology.
Established in 2008, Blackrock Neurotech stands as a trailblazer in human brain-computer-interface (BCI) technology, renowned for its cutting-edge interfaces.
The company is dedicated to aiding millions worldwide afflicted by paralysis and neurological disorders hindering basic functions.
Blackrock Neurotech’s groundbreaking brain interface technology has empowered patients to control robotic arms, navigate wheelchairs, communicate, browse the internet, and even drive vehicles using their thoughts.
In a notable instance in 2016, patient Nathan Copeland made headlines by utilizing Blackrock BCI to interact with a robotic arm, culminating in a fist bump with then-U.S. President Barack Obama.
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Tether’s $200 million investment aims to bolster the commercialization and implementation of medical solutions already benefiting over 40 individuals.
Additionally, the investment will fuel advancements in research and development, ensuring Blackrock Neurotech remains a key player in the BCI landscape with a steadfast focus on human advancement.
Paolo Ardoino, CEO of Tether, envisions Blackrock Neurotech as merely the inception of Tether Evo’s mission to champion projects that redefine technological boundaries in enhancing human potential.
He stated, “Blackrock Neurotech represents a leap towards a future where technology not only complements but enhances our human experience, and we at Tether are proud to begin this journey with them.”
Florian Solzbacher, co-founder of Blackrock Neurotech, emphasized the company’s long-term commitment to restoring functions in individuals, underscoring the necessity of dedicated and visionary partners.
He expressed gratitude towards Tether, highlighting their shared vision in fostering technological innovations for the betterment of humanity.
This announcement follows Tether’s introduction of four new business divisions on April 18, signaling its diversified focus across Tether Data, Tether Finance, Tether Power, and Tether Edu.
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