The Brooklyn-based blockchain technology company Fluidity has been acquired by its joint venture partner, ConsenSys.
As the primary developer of AirSwap, Fluidity has produced several industry firsts in real-estate tokenization, tokenized securities trading and systems to pledge real collateral to decentralised credit platforms.
Having completed the initial AirSwap roadmap and delivered multiple building blocks for the DeFi ecosystem, Fluidity has emphasised its ambitions to further enhance and build AirSwap with the support of the various teams at ConsenSys.
Joseph Lubin, Founder of ConsenSys commented: “Bringing Fluidity fully into ConsenSys will unlock powerful synergies that we have identified over the past few months. The team has built best in class token trading technology for different niches that ConsenSys can now help bring forth at scale. We are excited to reinvigorate the longstanding close relationship.”
As part of the acquisition, the Fluidity team and its products will transition to ConsenSys. The blockchain engineers and fintech experts behind AirSwap will continue to seek to enhance innovation with frictionless trade by focusing on network growth and new token mechanisms.
Michael Oved, CEO and Co-Founder of Fluidity added: “The future is bright for decentralized trading, blockchain technology, and upgrading legacy financial infrastructure. Together with ConsenSys, the power of our systems can be fully realized.”
AirSwap was founded as a joint venture between ConsenSys and Fluidity in 2017. Nearly three years later, the acquisition signals that ConsenSys is bolstering its core product suite to bring the market new innovations in financial infrastructure built on Ethereum.
Expert Analysis: Marrying the technological growth and developments of both firms can lead to this acquisition being hugely successful as ConsenSys seeks to elevate its capabilities.
