People familiar with the matter: Diem Association is considering selling its assets to return investor members

The Diem Association (formerly Libra), backed by MetaPlatforms Inc., is considering selling its assets as a way to return funds to its investor members, according to people familiar with the matter. Diem is in discussions with investment bankers about how best to sell its intellectual property and find a new place for the engineers developing the technology and monetize any remaining value in the project, people familiar with the matter said, because those discussions are not public, and the The people familiar with the matter asked not to be named. (Bloomberg)

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