ConsenSys has acquired Fluidity, the firm behind peer-to-peer trading network Airswap. Airswap has been at the forefront of developing some of the industry’s first of its kind decentralized technology such as tokenization of real estate and security tokenization.
The AirSwap developer team has been instrumental in developing a roadmap and building blocks of defi ecosystem, and even though the terms of the acquisition haven’t been made public, the AirSwap team would continue to build the ecosystem with support from industry in building development after its association with the ConsenSys.
“The team has built best in class token trading technology for different niches that ConsenSys can now help bring forth at scale.” @EthereumJoseph on the latest Fluidity acquisition. Excited to bring @Airswap into the ConsenSys product suite! https://t.co/sBZ3elTSc6
— ConsenSys (@Consensys) May 22, 2020
AirSwap was founded by Fluidity and ConsenSys back in 2017 and the acquisition by ConsenSys signifies their focus on developing core decentralized products in order to bring new innovative products to the market. ConsenSys is working to bring new innovative financial product and infrastructure on Ethereum blockchain.
ConsenSys code would leverage Fluidity’s core technology to power decentralized finance and commerce while AirSwap would utilize ConsenSys’s marketing and engineering to power the decentralized ecosystem.
The acquisition would see all the products and services along with the tram of Fluidity move to ConsenSys. The developer team working with AirSwap and Fluidity would continue their work in the fintech verse while ensuring frictionless trade, network growth, and new token mechanisms while working in synergy with the ConsenSys team.
Joseph Lubin, the co-founder of Ethereum network and ConsenSys commented on the latest acquisition and how the synergy between two firms would help in achieving the larger goal saying,
“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.”