Chain (XCN) is a cloud blockchain infrastructure that enables organizations to build better financial services. It has launched Chain Core, a permissioned and open-source blockchain, and Sequence, a ledger-as-a-service product.
Chain Core allows institutions to launch and operate a blockchain network or connect to a growing list of other networks that are transforming how assets move around the world.
Sequence enables organizations to securely track and transfer balances in a token format.
The cryptocurrency Chain was founded in 2014 and has raised over $40 million in funding from investors including Khosla Ventures, RRE Ventures, Capital One, Citigroup, Fiserv, Nasdaq, Orange, and Visa.
In 2018, Chain was acquired by Lightyear Corp, the commercial arm of the Stellar Development Foundation. As of 2021, Chain operates as a privately held corporation with a newly established board of directors, officers, and shareholders.
The Chain Protocol is designed to be a shared, multi-asset, cryptographic ledger that supports the coexistence and interoperability of multiple independent networks. This allows for control over assets to be separated from control over ledger synchronization.
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