Tether, the operator of the world’s largest stablecoin USDT, has completed a strategic investment of $200 million in Blackrock Neurotech, a pioneering company in the field of brain-computer interface (BCI) technology.
The investment, which was facilitated through Tether’s newly established Evo division, positions the stablecoin issuer as the majority stakeholder in Blackrock Neurotech. Tether’s foray into the world of neural implants and brain-computer interfaces signals a bold vision for the company’s future endeavors.
Founded in 2008, Blackrock Neurotech is a global leader in BCI technology. The firm is renowned for its advanced brain-computer interfaces that have enabled individuals with paralysis, lost function, and neurological disorders to regain control over various aspects of their lives. Through Blackrock Neurotech’s innovative solutions, patients have been able to operate robotic arms, control wheelchairs, send messages, surf the internet, and even drive cars using the power of their thoughts.
One of Blackrock Neurotech’s most notable achievements was in 2016 when patient Nathan Copeland made headlines by using the company’s BCI to control a robotic arm and fist-bump former U.S. President Barack Obama during the White House Frontiers Conference.
Tether’s $200 million investment aims to fund the commercialization and rollout of Blackrock Neurotech’s medical solutions, which have already been successfully applied to more than 40 individuals. Additionally, the investment will bolster Blackrock Neurotech’s research and development efforts, ensuring the company maintains its position as a major player in the BCI industry while focusing on the long-term goal of human evolution.
Paolo Ardoino, CEO of Tether, expressed enthusiasm for the investment, stating that Blackrock Neurotech represents the beginning of Tether’s journey through Tether Evo to support projects that “redefine the boundaries of what’s possible at the intersection of technological innovation and human potential.”
Florian Solzbacher, co-founder of Blackrock Neurotech, welcomed Tether’s investment, emphasizing the company’s mission to help restore functions in people and the need for dedicated and visionary partners to accomplish this long-term endeavor.
This groundbreaking investment comes just days after Tether introduced four new business divisions focused on diverse areas, including data, finance, power, and education, signaling the company’s ambition to expand its reach and influence beyond the realm of stablecoins.
As the world continues to grapple with the rapid pace of technological advancement, Tether’s investment in Blackrock Neurotech represents a bold step toward the integration of human potential and cutting-edge technology. The implications of this partnership could be far-reaching, potentially shaping the future of how we interact with and harness the power of technology.
