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Thursday, May 6, 2021
Home News Digital Asset Holdings Acquires Blockstack.io

Digital Asset Holdings Acquires Blockstack.io

Digital Asset Holdings and Blockstack.io today announced that they have entered into an agreement under which Digital Asset will acquire San Francisco-based Blockstack, a firm that offers a “blockchain-as-a-service” to enable financial institutions to develop applications on a private blockchain.

Blockstack’s technology is available in beta today and offers a hosted platform for financial institutions to develop blockchain-based applications using application programming interfaces (APIs) and software development kits (SDKs).

The firm’s underlying platform leverages both open-source and proprietary technologies to create a private blockchain that is used by a group of known participants.

Blockstack’s customizable solutions include multi-signature security and the ability to plug in external components.

“Blockstack is building powerful blockchain application development tools and Digital Asset is the best platform to deliver these as part of a comprehensive client solution,” said Miron Cuperman, CTO and founder of Blockstack.

Blockstack was a “Best of Show” winner of FinovateFall 2015, a two-day conference showcasing more than seventy cutting-edge financial technology companies.

The two companies will integrate their product offerings and ensure a seamless integration for clients.

“Blockstack’s solutions will enhance the existing Digital Asset technology stack and Miron, a renowned pioneer in the blockchain world, adds tremendous technical expertise to our development team,” said Blythe Masters, CEO of Digital Asset.

“Digital Asset’s technical approach is very complementary, and the combined firm will have the leadership and resources to scale its platform,” said Peter Shiau, CEO of Blockstack.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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