The Company Lightyear Corp. acquired developer blockchain solutions for the financial industry Chain and intends to move products start-up in the public blockchain Stellar.
Gmina ludwin said that Interstellar uses Stellar technology, to allow organizations to issue, exchange, and manage its assets in public networks.
The amount of the transaction remains unknown, however, Ludwin confirmed that the startup’s investors recouped their investments and were satisfied with the concluded agreement.
Note that now brands Corp Lightyear. and Chain will be abolished; Ludwin is the chair of General Director of a new startup, and co-founder of Ripple and Stellar Creator jed McCaleb will be the Executive technical Director.
Interstellar intends to hire 60 employees and open two offices in San Francisco (home) and new York. The first product of a new startup will be StellarX, marketplace for trading assets on the blockchain Stellar, which is already in beta testing.
Recall information about the possible purchase Chain organization, the Stellar Development Foundation first appeared in June 2018. Then the journalists said that the probable sum of transaction — $500 million.
Previously, the company Chain has raised over $43 million from Khosla Ventures, RRE Ventures, Blockchain Capital, Pantera Capital, Nasdaq, Visa, Citi Ventures, Thrive Capital, BoxGroup and Haystack.
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