Markets
Share this article

Berlin-Based Staking Startup Certus One Acquired by Jump Trading

The Certus One team will merge with Jump Trading’s team of 900 employees made up of engineers, quants and traders.

By Tanzeel Akhtar
Updated Dec 6, 2022, 8:22 p.m. Published Aug 3, 2021, 1:39 p.m.
jwp-player-placeholder

Blockchain engineering firm Certus One has been acquired by Chicago-based quantitative trading company Jump Trading for an undisclosed amount, the companies said Tuesday.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.

  • Following the acquisition, Hendrik Hofstadt, Certus One’s CEO and co-founder, was appointed director of special projects as part of Jump Trading Group’s digital assets group.
  • The Certus One staff will join Jump Trading’s staff of 900 employees made up of engineers, quants and traders.
  • Berlin-based Certus One provides infrastructure for proof-of-stakes blockchains. It was a core developer of Wormhole, a product that allows users to move ETH and SOL tokens between blockchains.
  • In June, Oxygen, a decentralized finance brokerage built on the Solana blockchain, added Jump Trading as a strategic partner.

Read more: Solana-Based Oxygen Taps Jump Trading in Bid to Be DeFi’s Top ‘Prime Brokerage’

GermanyAcquisitionsStaking

More For You

Trump-linked WLFI's Zak Folkman teases forex platform at Consensus Hong Kong

By Sam Reynolds|Edited by Omkar Godbole
1 hour ago
Zak Folkman speaks at Consensus Hong Kong (CoinDesk)

Folkman says more details will be revealed soon at an event at Mar-a-Lago.

What to know:

  • World Liberty Financial, a Trump-family-linked crypto project, plans to launch a foreign exchange platform called World Swap as part of its USD1 stablecoin ecosystem.
  • Co-founder Zak Folkman said World Swap aims to simplify cross-border transfers and challenge traditional remittance providers that charge fees of 2% to 10% per transaction.
  • The company is building a broader financial stack around its cash-backed USD1 stablecoin, including the recently launched World Liberty Markets lending platform, which has attracted hundreds of millions of dollars in deposits.
Read full story