(Bloomberg) — Quant agency Leap Buying and selling Group has acquired blockchain-engineering firm Certus One for an undisclosed quantity.
The transfer is the newest step into decentralized finance for the carefully held quantitative buying and selling home, which in April introduced Pyth, a community that blasts out up-to-the-millisecond worth updates on shares, conventional currencies and cryptocurrencies by way of the blockchain.
Certus One gives infrastructure companies for proof-of-stake blockchains and has been an energetic participant in decentralized networks together with Cosmos, Terra, Solana and Ethereum 2.0, in line with a press release. It was concerned within the launch of Wormhole, the primary bi-directional bridge between Ethereum and Solana.
As a part of the acquisition Hendrik Hofstadt, Certus One’s chief govt officer and co-founder, has been appointed director of particular initiatives in Leap Buying and selling’s Digital Belongings group. He’ll work with the group “to speed up the event of a brand new wave of monetary infrastructure,” the assertion stated.
Excessive-frequency buying and selling corporations Virtu Monetary Inc. and GTS are amongst corporations utilizing the Pyth community, which updates costs about each 400 milliseconds.
Learn extra: Virtu Joins Leap Buying and selling, GTS in Decentralized Finance Push
(Updates with extra context on Pyth, provides hyperlink to Wormhole mission particulars in third paragraph. An earlier model corrected Leap’s title within the headline.)
Extra tales like this can be found on bloomberg.com
Subscribe now to remain forward with essentially the most trusted enterprise information supply.
©2021 Bloomberg L.P.