Chain, a blockchain technology provider backed by Visa, Orange, Fiserv, Nasdaq, Citi and Capital One, has merged with Lightyear to form a new company dubbed Interstellar.
Chain, a US-based blockchain technology developer backed by corporates Capital One, Citi, Fiserv, Nasdaq, Orange and Visa, merged with fintech producer Lightyear on Monday.
The merger will result in the formation of a new company, Interstellar, that will focus on integrating Chain’s and Lightyear’s respective blockchain technologies. Financial terms were not disclosed.
Founded in 2014, Chain has developed a cloud-based blockchain infrastructure, called Sequence, that enables enterprise clients to securely track and transfer balances in the form of tokens.
The…
