Qredo’s Acquisition and Relaunch
Qredo has been acquired by Dan Tapiero’s firms, 10T and 1RoundTable Partners, leading to its transition to Fusionchain. This acquisition comes after Qredo faced financial struggles and had some business divisions placed under administration.
Focus on Fusionchain and Cosmos Integration
Fusionchain, now part of the Cosmos ecosystem, aims to revolutionize blockchain technology by implementing Cosmos as a framework. This integration will enhance scalability and interoperability, providing users with increased utility of tokens and access to a network of blockchain applications.
Continuity and Transition
Despite the organizational restructuring, Qredo ensures uninterrupted service for its users. The custodial platform remains operational, preserving customer assets and prioritizing ongoing transactions. Some employees will be transferred to Fusion Laboratories as part of the workforce reorganization.
Hot Take: Qredo’s Transition to Fusionchain Marks an Exciting Milestone for Self-Custody in Blockchain Technology
The acquisition of Qredo by Dan Tapiero’s firms and its subsequent transition to Fusionchain is a significant development for the company and its users. The move brings improved functionality and a focus on self-custody in blockchain technology. With Fusionchain’s integration into the Cosmos ecosystem, users can expect enhanced scalability, interoperability, and increased utility of tokens. Despite the changes, Qredo remains committed to providing uninterrupted service and preserving customer assets. The leadership team at Fusion Labs, led by CEO Randy Little and Chairman Dan Tapiero, is determined to realize their vision for Fusionchain and empower users in digital asset custodial services.
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