Stellar Acquires Chain to Create Interstellar, Another Major Initiative For XLM156.69

Blockchain startup, Chain, announced Monday that they had been purchased in cash by a subsidiary of the Stellar Development Foundation, resulting in the formation of a new entity, called Interstellar. The announcement came months after rumors had first surfaced regarding the partnership.

According to Chain’s Crunchbase page, the San Francisco-based blockchain startup has raised over $40 million in private capital since its founding in 2014, and has worked with such companies as Nasdaq, Visa, and Citigroup. The startup describes themselves as building “cryptographic ledger systems that make financial services smarter, more secure, and more connected.”

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