Stellar-Based Lightyear Acquires Chain, Forms New Entity

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Lightyear Corporation, a universal payments network built around Stellar’s open financial protocol, has announced the acquisition of Chain, in a merger that sees both brands combine to form a new entity called Interstellar.

Under the terms of the merger, Interstellar will help organizations build applications on the Stellar Network while the Stellar Development Foundation will remain fully independent. Former Chain CEO Adam Ludwin also becomes Interstellar CEO, while Jed McCaleb takes over as Interstellar CTO.

Chain became prominent as a startup that builds enterprise-level blockchain applications for financial organizations such as Visa, Citigroup, Nasdaq and many more. The company had also raised around $40 million from partners including Thrive Capital, Citi and Orange.

The combination of both companies creates

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