Fusionchain custody service to rise from Qredo after acquisition

Investor Dan Tapiero is behind the transformation of digital asset custody service Qredo. Current customers will not be affected.

A new platform called Fusionchain will be launched from assets of digital custody service Qredo after its partial acquisition by a firm linked to investor Dan Tapiero. Fusionchain will be a new venture and receive a new name.

Qredo’s custody platform will continue to operate, and customers will be unaffected by the changes for now. Qredo’s QRDO token will migrate to the Cosmos blockchain when Fusionchain is launched, according to a statement.

The two investment companies share many members of their leadership teams. The 10T Holdings portfolio includes shares in a variety of prominent players in the crypto and Web3 space.

Read more