Blockstream acquires Elysium Lab and launches incubator entity Blockstream CH SAGL

PANews reported on July 26 that according to Businesswire, Blockstream, a Bitcoin financial infrastructure company, announced the acquisition of Elysium Lab, a digital asset company in Lugano, Switzerland. The specific acquisition amount has not been disclosed. After the transaction, Blockstream will obtain the patents and intellectual property assets held by Elysium Lab, and plans to establish its European market headquarters and launch a BTC ecosystem incubator entity called Blockstream CH SAGL. It is understood that the incubator will promote Bitcoin native product development, ecosystem participation, and regional research and development.