Stellar acquires blockchain startup backed by Visa and Nasdaq

A long-speculated acquisition has finally come to fruition. Stellar’s for-profit arm Lightyear has acquired San Fransisco-based blockchain startup Chain, Reuters reported today. The two companies will now retire their individual brands and form a single entity called “Interstellar.” The new company will move Chain’s existing users onto the Stellar blockchain platform, and enable organizations to issue, exchange, and manage assets. Chain CEO Adam Ludwin will also serve as the CEO of Interstellar, while Stellar Development Foundation’s (SDF) co-founder Jed McCaleb will serve as the CTO of the newly-formed company. Interstellar will also retain all of Chain’s existing employees. The companies have…

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https://ift.tt/2O8iLPT Neer Varshney September 10, 2018 at 12:00PM