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Crypto company Tether invests $200M in brain-computer interface startup

Picture credits: Tether

Tether, a prominent figure in the digital asset industry, has announced a strategic investment of $200 million in Blackrock Neurotech, a pioneering company in Brain-Computer-Interface (BCI) technology. Through its venture division, Tether Evo, Tether has become the majority stakeholder in Blackrock Neurotech, aiming to revolutionise the intersection of technology and human potential.

Advancing neuroscience with innovative BCI technology

Founded in 2008 by Dr Florian Solzbacher and Marcus Gerhardt, Blackrock Neurotech is at the forefront of BCI technology, empowering individuals with paralysis, lost function, and neurological disorders to interact with the world using only their thoughts. Through Blackrock Neurotech’s innovative brain interface technology, patients have achieved remarkable feats, such as controlling robotic arms, manoeuvring wheelchairs, and even communicating via text or speech using their brain signals.

Tether and USD₮

As a pioneer in stablecoin technology, Tether is dedicated to revolutionising the global financial landscape by providing accessible, secure, and efficient financial infrastructure. With a focus on financial inclusion and bridging traditional financial systems with decentralised finance, Tether aims to foster economic growth and empower individuals and businesses worldwide.

Funding innovation and commercialisation

Tether’s investment will primarily fund the commercialisation and expansion of Blackrock Neurotech’s groundbreaking medical solutions. With a focus on enhancing human potential and bridging the gap between the human brain and artificial intelligence computing, the investment will also support Blackrock Neurotech’s research and development efforts to maintain its position as a leader in the BCI industry.

Pioneering human enhancement through technology

Paolo Ardoino, CEO of Tether, expressed excitement about the partnership, emphasising Tether’s commitment to nurturing transformative technologies that enhance human experience, “Blackrock Neurotech is just the beginning of our journey through Tether Evo to venture into projects that redefine the boundaries of what’s possible at the intersection of technological innovation and human potential. Tether has long believed in nurturing emerging technologies that have transformative capabilities, and the Brain-Computer-Interfaces of Blackrock Neurotech have the potential to open new realms of communication, rehabilitation, and cognitive enhancement. 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.”

Leadership for the future

Florian Solzbacher, Co-Founder of Blackrock Neurotech, and Tim Sievers, Co-Chairman, both shared their enthusiasm for the partnership with Tether, highlighting the potential to impact millions of lives through innovative healthcare solutions.

Florian Solzbacher, Co-Founder of Blackrock Neurotech: ”My life’s dream has been to help and restore function in people who lost it and to advance technologies that revolutionise healthcare and the world around us. This ambitious, long-term endeavour requires dedicated and visionary partners. With its commitment to seeking out and nurturing technology that will help many people and push mankind forward, we couldn’t dream of a better partner than Tether to bring our shared vision to life.”

Tim Sievers, Co-Chairman of Blackrock Neurotech: “Blackrock will change the life of millions of patients seeking solutions, and ultimately has the potential to change the life of all of us. We welcome Tether as new investors and partners and are looking forward to defining and creating the future together.”

Expanding Tether’s focus beyond stablecoin offerings

Tether Evo is part of Tether’s broader strategy to diversify its offerings beyond stablecoins. Alongside divisions like Tether Power, Tether Edu, and Tether Data, Tether Evo aims to push the boundaries of innovation and human potential, paving the way for a future where technology and humanity converge in unprecedented ways.

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