Public’s $65 million cash-and-stock acquisition adds Alto’s $600 million AUM crypto business, with integration set for 2026 while Alto continues other independent operations.
Public announced a $65 million cash-and-stock deal to acquire Alto’s crypto business, which manages about $600 million in assets under management (AUM). The integration of Alto’s crypto accounts into Public’s platform is expected to conclude in 2026. Alto will retain its other operations and remain a service provider for certain functions, continuing independent activities outside the acquired segment.