Stellar’s Lightyear Acquires Chain to Create Interstellar1.08

A new link in the blockchain gang has emerged as two companies just joined forces, and it’s out of this world. Lightyear has acquired Chain for a new venture–aptly called Interstellar–in a move that could make the company the world’s sixth largest blockchain.

The undisclosed deal, which according to Fortune landed at $200 million, was made Sept. 5. However, Chain had already made a name for itself in the fintech community; in the four years since its inception, the company has independently accumulated $40 million in venture capital from financial giants like Visa and Citigroup. Jed McCaleb, co-founder of Ripple (XRP) and the non-profit Stellar, took notice of the startup’s fintech development and provoked contact upon seeing a potential for growth.

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