Qredo Deepens R&D Bench with Acquisition of Jita Digital
Jita CEO Jerome Rousselot and team join Qredo -- strengthening further the Layer 2 network’s technological edge and crypto innovation credentials.
London, 22nd October 2021 — Decentralized custody provider Qredo announces the acquisition of Jita Digital, the specialist technology innovation consultancy.
The acquisition gives Qredo access to Jita’s skilled and experienced project team, known for their solution design & implementation expertise across a range of sectors, including enterprise and asset management clients.
Jita Founder and CEO Jerome Rousselot becomes Qredo VP of Technology and will be based in London.
Rousselot is a seasoned technology veteran. After obtaining a PhD in Computer Science from EFPL in Switzerland, he worked in consumer electronics and safety critical systems before becoming Chief Revenue Officer and Product Manager for Mycelium Wallet -- one of the oldest and most heavily used Ethereum wallets.
Qredo’s new team members will be fully integrated and working closely with Brian Spector, Qredo Chief Product and Technology Officer (CPTO), and the in-house innovation and development unit that he runs.
Immediate work will involve extending the scope of the services available on Qredo Network (including exchange connectivity) — in line with the Network’s growing user base and partnerships. The Jita team will also reinforce the Qredo roadmap and support Qredo’s evolution to version 2 of the protocol (the testnet of which is due Q3 21).
The acquisition reflects growing M&A activity in the crypto space -- a trend Qredo intends to play a pivotal role in.
Jerome Rousselot commented, “Becoming part of the Qredo family is an exciting next chapter for my colleagues and I joining from Jita. Qredo’s readiness to reinvent crypto infrastructure means we can continue our work of bringing entrepreneurial innovation to the digital asset space. We’re looking forward to being part of the team that is driving Qredo Network forward.”
Brian Spector, Qredo CPTO, added, “There is a race for talent in crypto and I’m delighted that Jerome and his excellent team are coming on board. Crypto is a ruthlessly fast-moving domain and it’s on us to make sure that Qredo Network has available to it the best technology, the best ideas, and the best people. Jerome and his team will help us meet that commitment on all fronts.”
About Qredo: Qredo is a decentralized digital asset management infrastructure and product suite designed to unlock new opportunities for institutional investors in digital assets and decentralized finance. Qredo's Layer 2 blockchain protocol enables users to seamlessly transfer and settle bitcoin, Ethereum, and ERC-20 tokens. Assets are secured by Qredo’s advanced Gen 2.0 Multi-Party Computation (MPC), which provides tier-1 bank security and institutional-grade governance.
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