Alphabit, a billion-dollar fund, has bought into the Stratis Protocol, the leading Blockchain as a Service (Baas) provider. A press release unveiled this news on February 5, noting Alphabit, which is among the world’s first regulated digital asset investment funds, seeks to accelerate Stratis’ development.
The investment would allegedly help Stratis roll out cutting edge products that enable mainstream organizations to seamlessly integrate the blockchain in their day-to-day operations.
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According to the press release, Alphabit made an initial investment in Stratis, with a promise to inject millions of dollars into the platform over the next two years. However, the firms did not disclose how much the first investment is worth.
Alphabit’s CEO, Liam Robertson, noted that the fund decided to invest in Stratis because the firm fits neatly into Alphabit’s investment thesis. He added that the company also believes that Stratis has an exponential potential for growth. Robertson concluded by saying that Alphabit is looking forward to supporting Stratis over the coming months and years.
Simplifying blockchain integration
The Stratis Protocol leverages the blockchain to offer unmatched levels of reliability, security, and performance. By using code written in the C# language, the platform allows firms across the globe to integrate blockchain technology into their operations through their existing IT infrastructure. In so doing, the companies get to enjoy Stratis’ wide range of products, including Stratis Identity, STO Platform, Stratis Smart Contracts, and Supply Trust.
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