Terraform Labs Announces Strategic Sale of Key Assets Amid Chapter 11 Proceedings

Terraform Labs Pte. Ltd. (TFL) announced the strategic sale of its business assets, including its subsidiary, Proximity Panorama, LDA. This move is part of TFL’s Chapter 11 proceedings and aims to fulfill the terms of its settlement with the U.S. Securities and Exchange Commission. Terraform Labs is actively seeking buyers for several key assets. Among […]

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Terraform Labs Announces Strategic Sale of Key Assets Amid Chapter 11 Proceedings

  • Terraform Labs (TFL) is undergoing strategic asset sales, including Pulsar and Station, as part of its Chapter 11 proceedings.
  • These sales aim to fulfill obligations to the U.S. SEC and maximize value for creditors.
  • TFL’s diverse blockchain products, such as Pulsar and Enterprise, highlight its role in Web3 development and decentralized economies.

Terraform Labs Pte. Ltd. (TFL) announced the strategic sale of its business assets, including its subsidiary, Proximity Panorama, LDA.

This move is part of TFL’s Chapter 11 proceedings and aims to fulfill the terms of its settlement with the U.S. Securities and Exchange Commission.

Terraform Labs is actively seeking buyers for several key assets. Among them is Pulsar, a portfolio tracker that indexes over 100 blockchains and features a proprietary indexing SDK. This SDK streamlines data integration by abstracting protocols and RPC nodes, making it appealing to application developers.

Also on the market is Station, a non-custodial interchain hot wallet designed for the Cosmos ecosystem. With both browser and mobile capabilities, Station has garnered over 600,000 downloads to date.

The sale further includes E…

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