Crypto exchange CrossTower announced that it has signed an agreement to acquire prime brokerage and digital asset exchange Bequant, the terms of which were not disclosed, The Block reported. The acquisition will allow CrossTower to expand globally and add more than 600 exchange clients. Alongside the acquisition announcement, CrossTower also launched ESG, a new crypto fund backed by Lydian Group. CrossTower launched in May 2020 with a $6 million seed round led by technology investor and Mangrove Capital co-founder Gerard Lopez. CrossTower had submitted a bid for bankrupt lender Voyager Digital, but lost out to FTX.US in September.