Linqto Breaks into DeFi with Trustline Acquisition

https://finovate.com/linqto-breaks-into-defi-with-trustline-acquisition/
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  • Linqto has acquired Trustline, a platform that offers decentralized financial services.
  • “We acquired Trustline for its advanced blockchain technology and IP including $200,000 worth of XRP grants issued from the XRPL Grants Program,” said Linqto Founder and CEO Bill Sarris.
  • Linqto plans to leverage Trustline to continue developing its decentralized exchange for private market securities.

Private investing firm Linqto has solidified its interest in the blockchain this week with the acquisition of Trustline, a platform that offers decentralized financial services. Financial terms of the deal were not disclosed.

Trustline leverages the XRP Ledger to offer payments, trading, and lending to accredited investors. Because Trustline run on XRP, it is able to offer its financial services in a more efficient and cost-effective manner than traditional firms.

“We acquired Trustline for its advanced blockchain technology and IP including $200,000 worth of XRP grants issued from the XRPL Grants Program,” said Linqto Founder and CEO Bill Sarris. “Trustline will help us build on our vision to provide access, affordability and liquidity to accredited investors. But the most valuable asset we acquired is the new association with Matt Rosendin, a progressive thinker and leader in the global blockchain community.”

Linqto plans to leverage Trustline to continue developing its decentralized exchange for private market securities. Using Trustline’s proprietary technology, Linqto’s exchange will be auditable, publicly transparent, and 100% on blockchain.

The acquisition comes shortly after Trustline abandoned plans for its stablecoins, Aurei and Phi, due to regulatory conflicts with the SEC, which viewed the coins as securities. “Trustline is thrilled to join the innovative and groundbreaking work that Linqto is doing in making private investing simple for individual investors who have been shut out of traditional private equity asset class,” said Trustline CEO Matt Rosendin. “Our two companies are perfectly aligned to democratize private markets investing for qualified investors.”

Rosendin is now VP of Ledger at Linqto.

Linqto, which now counts more than 100,000 accredited investors in its global network, enables users to invest in a range of pre-IPO startups, including Upgrade, Uphold, RippleSoFi, Blockchain Coinvestors, Kraken, and even in its own company. Linqto’s will demo its newest innovation at FinovateFall next month in New York. Register today to secure your spot.


Photo by Maria Lysenko on Unsplash

https://finovate.com/linqto-breaks-into-defi-with-trustline-acquisition/