Terraform Labs expands its blockchain footprint and fosters cross-chain innovation by acquiring Pulsar Finance.
The company that created the Terra blockchain, Terraform Labs, has revealed that it has acquired Pulsar Finance. This firm specializes in cross-chain portfolio management and analytics, as part of a recent strategic acquisition.
This important discovery occurs in the middle of Terraform’s continuous legal disputes, which have been particularly noticeable since the demise of its algorithmic stablecoin, TerraUSD, in May of last year.
Terraform persists in its corporate development while being entangled in legal battles, one of which is a noteworthy case with the U.S. Securities and Exchange Commission (SEC).
In a lawsuit filed in February, the SEC charges Terraform with engaging in investor fraud and marketing securities backed by unregistered cryptocurrency assets.
In recent weeks, Terraform and the SEC have requested summary judgments, which could result in a decision without a full trial. Following Do Kwon’s exit, Chris Amani, the former COO of Terraform and current CEO, has shown optimism regarding the acquisition.
Amani underlined that Terraform has kept growing and changing, focusing on utility and blockchain ecosystem development as it develops a post-Kwon strategy.
The Integration of Pulsar
Since its founding in 2021, Pulsar has expanded quickly, supporting more than 700 protocols and 96 networks on its analytics platform. The cross-chain wallet Terraform intends to use Pulsar’s main Portfolio offering in its Station.
Furthermore, integrating Pulsar’s Data offering with Terraform’s current infrastructure technologies will augment the organization’s technological proficiencies.
