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Blythe Masters’ Digital Asset Holdings Acquires Blockchain Startup Blockstack

Last Updated March 4, 2021 4:45 PM
Samburaj Das
Last Updated March 4, 2021 4:45 PM

In yet another blockchain related investment, Blythe Masters’ Digital Asset Holdings has announced the acquisition of Blockstack.io.

Digital Asset has been on a blockchain-startups purchasing spree lately, with the Bits of Proof and Hyperledger acquired earlier in June this year. The New-York based company headed by CEO Blythe Masters has today, announced the purchase of another blockchain startup Blockstack. The deal was concluded for an undisclosed sum.

Blockstack, based in San Francisco offers financial institutions the means to develop applications using APIs and SDKs on a private blockchain and is currently available in a beta phase. Customized tools offered by the company include multi-signature entry as a measure of security along with the means to plug in external components.

In a joint statement, Blockstack CTO and founder Miron Cuperman said:

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.

With this acquisition, it’s a bit of an understatement to note Digital Asset Holdings to be among the most active companies in the private blockchain industry for a company that was only launched in March this year.

Masters, CEO of Digital Asset Holdings added to the statement, saying:

Blockstack’s solutions will enhance the existing Digital Asset technology stack.

Her company will have competition, however, with computing behemoth Microsoft announcing its collaboration with Brooklyn-based ConsenSys to offer tools to allow its customers to develop and build blockchain-based applications using the much lauded Ethereum blockchain, as a service to its customers on Azure.

Nasdaq also rang the blockchain bell recently with the launch of Linq, a platform built on blockchain technology that enables private companies to trade shares among each other without any public knowledge.

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