Blockstream acquires Elysium Lab and launches incubator entity Blockstream CH SAGL

According to Businesswire, Bitcoin financial infrastructure company Blockstream announced the acquisition of Elysium Lab, a digital asset company based in Lugano, Switzerland. The specific acquisition amount has not been disclosed yet. After the transaction is completed, Blockstream will acquire the patents and intellectual property assets held by Elysium Lab. At the same time, it plans to establish its European market headquarters locally and launch the BTC ecosystem incubator entity Blockstream CH SAGL. It is reported that the incubator will promote the development of Bitcoin native products, ecosystem participation, and regional research and development.