- Linqto has acquired the Trustline platform, which offers decentralized financial services.
- “We acquired Trustline for leading-edge blockchain technology and IP, including $200,000 worth of XRP grants issued through the XRPL Grants Program,” said Linqto Founder and CEO Bill Sarris.
- Linqto plans to use Trustline to continue developing its decentralized exchange for private market securities.
Private investment firm Linkto strengthened its interest in blockchain this week with acquisition with Line of trust, a platform that offers decentralized financial services. Financial terms of the deal were not disclosed.
Trustline uses the XRP Ledger to offer payments, trading and lending to accredited investors. Because Trustline runs on XRP, it can offer its financial services more efficiently and cost-effectively than traditional firms.
“We acquired Trustline for leading-edge blockchain technology and IP, including $200,000 worth of XRP grants issued through 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 have acquired is our new association with Matt Rosendin, a progressive thinker and leader in the global blockchain community.”
Linqto plans to use Trustline to continue developing its decentralized exchange for private market securities. Using Trustline’s patented technology, Linqto’s exchange will be auditable, publicly transparent and 100% on the blockchain.
The acquisition came shortly after Trustline abandoned plans for your stablecoins, Aureus and Phi, due to regulatory conflicts with the SEC, which treated coins as securities. “Trustline is excited to join the innovative and ground-breaking work that Linqto is doing in simplifying private investing for individual investors who have been denied access to the traditional private equity asset class,” said Trustline CEO Matt Rosendin. “Our two companies are perfectly positioned to democratize the private investing markets for qualified investors.”
Rosendin is currently the VP of Ledger at Linqto.
Linqto, which now has over 100,000 accredited investors in its global network, allows users to invest in a range of pre-IPO startups including Upgrade, Uphold, Pulsation, SoFi, Blockchain Coinvestors, Kraken and even in their own company. Linqto’s will showcase its latest innovation at FinovateFall next month in New York. Sign up today to secure your spot.