Stellar Buys Prominent Blockchain Company Chain Through Its Subsidiary Lightyear

  • Alex Dovbnya
    📰 News

    Chain, a San Francisco-based fintech firm that builds private Blockchains for enterprises, has been purchased by Stellar’s for-profit entity called Lightyear


Stellar Buys Prominent Blockchain Company Chain Through Its Subsidiary Lightyear

Chain, a San Francisco-based fintech firm that builds private Blockchains for enterprises, has been purchased by Stellar’s for-profit entity called Lightyear, according to a recent Yahoo! Finance report.

Being founded back in 2014, Chain is considered to be one of the most prominent startups in the industry. The list of its venture investor includes Visa, NASDAQ and Pantera Capital. From now on, the two companies (Lightyear and Chain) will merge into Interstellar.  

During an interview with Yahoo! Finance, states that they are betting big on Stellar with the recent deal, which was reportedly conducted for an undisclosed amount of money.  
 

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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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