Blockstack.io, a company offering blockchain-as-a-service to help financial institutions develop applications on a private blockchain, has been acquired by Digital Asset Holdings, says the official press-release.

Blockstack provides a hosted platform for financial companies, enabling them to develop their blockchain-apps using APIs and SDKs and build private blockchains with “high transaction volume and low latency.” It also offers such services as secure transaction management and authorisation, and real assets management.

Digital Asset Holdings presents itself as a company developing the technology which “aids efficiency, transparency, compliance and settlement speed using cryptographic, distributed ledgers.” The holding is headed by Blythe Masters, ex-president of the JPMorgan’s investment bank.

The two companies promise to integrate their product offerings and ensure a seamless integration for the clients.

Earlier this year Digital Asset Holdings purchased Bits of Proof and Hyperledger start-ups.

Maria Rudina