[SAINT KITTS AND NEVIS] (April 8, 2022) Chain is thrilled to announce that Alameda Research will become Chain’s primary cryptocurrency market maker through their newly minted strategic partnership.
Alameda Research is a private equity and quantitative cryptocurrency trading firm that provides liquidity in cryptocurrency and digital assets markets.
Chain, who has been a pioneer in the permissioned, close-ended blockchain space since 2014, caters to institutional and financial services clientele. Sequence, Chain’s award-winning flagship product, is a ledger-as-a-service which makes it incredibly easy to build, operate, and scale forward-thinking software products that need a highly available, secure, and extensible ledger at their core. The Chain ecosystem revolves around XCN, the official Chain Token. XCN can be utilized for discounts and commercial fees on Sequence and functions as the governance and staking token in Chain Rewards & Chain DAO.
“We are excited to have the opportunity to leverage the strengths of Chain with those of a market-leader like Alameda, who has such a strong global presence” said Deepak Thapliyal, Chain CEO.
With Alameda’s expertise, Chain looks to continue to improve adoption of its product lines.
Alameda manages over $1 billion in digital assets and trades between $1 billion and $10 billion daily, across thousands of projects including all major coins, altcoins, and derivatives.
Alameda’s expertise runs from its founders down the hierarchy, encapsulating the ecosystem’s community culture.
Founded in 2014, Chain has raised over $40 million in funding from Kholsa Ventures, Pantera Capital, Capital One, Citigroup, Fiserv, Nasdaq, Orange, and Visa. Chain is a blockchain based technology company on a mission to enable a smarter and more connected economy. Chain builds cryptographic ledgers that underpin breakthrough financial products and services.
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