San Francisco technology start-up Chain Inc. has been acquired by Lightyear Corp., a company focused on the Stellar blockchain, Chain Chief Executive officer Adam Ludwin said on Monday.

Interstellar, the new company, will migrate Chain’s customer base and products onto Stellar’s global public ledger, creating a platform that will enable organizations to issue, exchange and manage assets, Ludwin said in an interview with Reuters.

“We were looking for a way to help our customers move the projects that we have been working on from a private network to a public one,” Ludwin said.

READ FULL ARTICLE HERE