Circle to Purchase Interop Labs Team and Their Exclusive Technology

Circle's Acquisition of Interop Labs: Circle has signed a deal to acquire the full Interop Labs team and their technology to enhance cross-chain capabilities, aiming for seamless asset movement across over 100 blockchain networks by early 2026.

Goals of the Agreement: The primary objectives include ensuring smooth asset functionality on Circle's Arc chain, expanding developer tools for multichain applications, and fostering first-party app development.

Role of Interop Labs: Interop Labs has significantly contributed to the Axelar framework for secure cross-chain messaging and token transfers, and will integrate its talent and technology into Circle's interoperability strategy.

Commitment to Open Source: While Circle focuses on integrating Interop Labs, the Axelar Network and its associated projects will continue to operate independently under community oversight, ensuring ongoing support and innovation.