Stellar Development Foundation is negotiating the purchase of a developer blockchain solutions for financial industry Chain. The amount of the transaction could reach $500 million, according to Fortune.
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.
In case of success of negotiations, the owners of the company will receive payment in the XLM with the option to keep or sell it immediately after completion of the transaction.
Earlier, Stellar invested working on end-to-end encryption blockchain startup Keybase.
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