The Iced-Tea Company That Pivoted to Blockchain Heads to U.K.

Long Blockchain Corp., the beverage business that reinvented itself as a crypto company, is continuing the transformation by teaming up with a British firm specializing in the technology that powers digital-currency transactions.

The former Long Island Iced Tea Corp. on Tuesday announced that it had a letter-of-intent to merge with Stater Blockchain Ltd., a U.K.-based company “focused on developing and deploying globally scalable blockchain technology solutions in the financial markets.” No additional financial terms of the all-stock deal were disclosed.