SINGAPORE DECEMBER 30 2021 / EMURGO Ptd. Ltd. – EMURGO, the official commercial arm and a founding entity of the Cardano blockchain, today announced plans to acquire the business units of Infinity Blockchain Group (IBG). IBG is a business group composed of several blockchain companies operating across Asia, led by Infinity Blockchain Labs, a specialized blockchain R&D company.

Since 2015, IBG has been developing a number of blockchain applications with a focus on Cardano and a number of other large blockchain protocols.

Additionally, IBG has also led the development of Moonstake, a prominent blockchain staking provider in Asia, and accumulated strong technical expertise in proof-of-stake (PoS) and cross-blockchain interoperability.

IBG is currently heavily committed to the development of Cardano-based solutions and services, and fields a team of professional engineers that have completed formal training courses.

This business acquisition aims to further strengthen EMURGO's strategic resources and accelerate research into the interoperability of Cardano with other known blockchains.

EMURGO will continue to achieve its objectives to strengthen the expansion of the Cardano ecosystem through its business units.

About EMURGO

EMURGO is the official commercial arm of Cardano and provides socially impactful solutions to solve some of the most intricate problems of organizations. As a founding entity of the Cardano protocol, EMURGO is able to leverage its abilities for large-scale blockchain development and rapid solutions deployment to benefit its global clients.

EMURGO has offices in Singapore, India, and Indonesia, and a roster of global clients & partners. To connect and learn more, visit https://emurgo.io

About Infinity Blockchain Group

Infinity Blockchain Group consists of a group of technology-centric companies committed to advancing society with next-generation solutions with over 100 professionals from all around the world working in Asia-Pacific's most inspiring and energetic countries and leading the future of blockchain technology.

Our mission is to create a Blockchain-Powered Innovation Platform that transforms future technology into practical applications for business and everyday life, representing the world from Asia via Reverse Innovation.