Terraform Labs, leading developer of the Terra blockchain, today announced the acquisition of Pulsar Finance, a cross-chain portfolio management and analytics startup.
Chief among those is its dispute with the United States Securities and Exchange Commission, which sued Terraform in February for allegedly selling unregistered crypto asset securities and defrauding investors. Both parties have asked for a summary judgement in recent weeks, meaning a verdict could be cast without a full trial. Terraform’s lawyers claimed the SEC could not prove it offered or sold securities.
Chris Amani, Terraform’s former COO, took over from Kwon in July. In a written statement, he said the Pulsar acquisition gives the company an immediate boost, allowing it to quickly bring cross-chain apps to market. “Integrating Pulsar not only enriches our technology stack but also adds an incredibly talented team led by three innovative entrepreneurs with a proven track record of success building and launching successful applications,” he said.