Linqto completes acquisition of Trustline as Move Towards Blockchain Powered Investment Exchange
SAN JOSE, California, 11 August 2022 /PRNewswire/ — Linqto, the Main Street technology private equity investment platform, announced today that it has completed the acquisition of Trustline, a technology platform that provides decentralized financial services in payments, commerce and lending. Built on the XRP Ledger, Trustline uses this cutting-edge technology to provide more efficient and cost-effective financial services.
According to Linqto founder and CEO, Bill Sarris“We bought Trustline for its advanced blockchain technology and IP included $200,000 worth of XRP grants issued from the XRPL Grants program. Trustline will help us build on our vision of providing access, affordability and liquidity to accredited investors. But the most valuable asset we acquired is the new association with Matt Rosendina progressive thinker and leader in the global blockchain community.”
With the acquisition of Trustline, Linqto intends to accelerate the development of the first and only decentralized exchange for private market securities in the world. Using Trustline’s proprietary technology, Linqto’s exchange will be auditable, publicly transparent and 100% on the blockchain.
“Trustline is excited to join the innovative and ground-breaking work that Linqto is doing to make private investing easy for individual investors who have been shut out of traditional private equity asset classes,” said Matt Rosendin, CEO of Trustline and now VP of Ledger at Linqto. “Our two companies are perfectly aligned to democratize private markets investing for qualified investors.”
About Linqto:
Linqto is a leader in private sector liquidity, providing accredited investors with access to affordable investment opportunities in the world’s best unicorns. Private investment made easy. Learn more at https://www.linqto.com/.
About Trustline:
Trustline is a full-stack financial services platform built on the XRP Ledger designed to deliver efficient and cost-effective payment, trading and lending services to accredited investors.
View original content to download multimedia: https://www.prnewswire.com/news-releases/linqto-completes-acquisition-of-trustline-as-move-towards-blockchain-powered-investment-exchange-301604361.html
SOURCE Linqto
