Wyre acquires Bitcoin smart contract derivatives platform Hedgy

Wyre, a blockchain money transfer company servicing OTC and cryptocurrency exchanges announced it has acquired Hedgy, a smart contract platform built on top of the Bitcoin blockchain. Hedgy Co-founder and CEO Matt Slater, will be joining Wyre as an advisor.

The Wyre team said, “Our acquisition of Hedgy’s platform technology brings us closer to our aim of offering a derivatives software product that is compliant with federal commodity laws and regulations. The Hedgy team built an incredibly powerful product that can unlock a new level of accessibility for financial instruments around the world. In addition to incorporating their technology into our stack for partners and users.”

Wyre is in the process of developing services and product offerings that fall within three categories of regulated activity:
Wyre expects derivatives may have value in several different scenarios which include:
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