Ethereum developer studio ConsenSys has acquired the team and technology of Brooklyn-based blockchain company Fluidity.
Founded in 2015, ConsenSys is developing a variety of applications which operate on the ethereum blockchain. The company is actively involved in numerous blockchain projects and initiatives, including real state platform Meridio, ethereum blockchain explorer, Blockapps Strato, TransActive Grid, EtherSign and Blockstack Labs, among others.
Fluidity is known for the development of AirSwap, a decentralized, peer-to-peer token trading network built on the ethereum blockchain. The company has also worked in real-estate tokenization, tokenized securities trading, and systems utilizing real-world assets as collateral in decentralized credit platforms.
As part of the deal, the Fluidity team and its products will transition to ConsenSys. The blockchain engineers and FinTech experts behind AirSwap will continue to empower the world with frictionless trade by focusing on network growth and new token mechanisms. Fluidity technology will also be leveraged by ConsenSys Codefi to power commerce and decentralized finance.
“Bringing Fluidity fully into ConsenSys will unlock powerful synergies that we have identified over the past few months,” said Joseph Lubin, Founder of ConsenSys. “The team has built best in class token trading technology for different niches that ConsenSys can now help bring forth at scale. We are excited to reinvigorate the longstanding close relationship.”
AirSwap was founded in 2017 as a joint venture between ConsenSys and Fluidity. ConsenSys said that they acquired Fluidity to bolster their core product suite to bring the market new innovations in financial infrastructure built on ethereum.
“The future is bright for decentralized trading, blockchain technology, and upgrading legacy financial infrastructure. Together with ConsenSys, the power of our systems can be fully realized,” said Michael Oved, CEO and Co-Founder of Fluidity.
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