Value

United

Cosmos

Terraform Labs Pte. Ltd. (TFL), a blockchain technology firm, has initiated a strategic sale of its assets, including its subsidiary, Proximity Panorama, LDA. This decision is consistent with TFL’s current Chapter 11 lawsuit and is part of a larger attempt to wind down operations in compliance with its settlement with the United States Securities and Exchange Commission. 
Key Assets Up for Sale 
TFL is <a href="https://www.prnewswire.com/in/news-releases/terraform-labs-announces-strategic-sale-process-for-pulsar-station-enterprise-and-warp-302191463.html" target="_blank" rel="noreferrer noopener nofollow">actively seeking</a> possible purchasers for numerous assets being sold. Among the assets is Pulsar, a portfolio tracker that has indexed over 100 blockchains and contains a proprietary indexing SDK. The SDK isolates protocols and RPC nodes, making data integration easier for applications. 
Station is another asset, a non-custodial interchain hot wallet that was initially designed for the Cosmos ecosystem. Station has browser and mobile capability and has been downloaded over 600,000 times. The transaction also includes Enterprise, a no-code DAO management tool. 
Additionally, Enterprise makes it easier for DAOs to organize, administer their treasuries, spend via governance votes, and distribute their stake rewards. Another asset up for sale is Warp, an on-chain decentralized automation system that allows conditional execution of smart contracts. 
Maximizing Value for Stakeholders 
The transaction represents a key milestone in TFL’s attempts to maximize value for its creditors and stakeholders. TFL intends to earn revenue to pay down its Chapter 11 commitments by selling these assets.&nbsp; 
The business further encourages interested parties to express their interest and get more information via its investment banker, CAVU Securities, LLC. 
Terraform Labs’ strategic sale of its company and assets is a watershed event in its Chapter 11 proceedings. Potential purchasers are urged to speak with TFL’s investment banker about these options further. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read:<a href="https://www.cryptotimes.io/2024/06/13/terraform-labs-to-dissolve-ceo-urges-community-takeover/" target="_blank" rel="noreferrer noopener"> Terraform Labs to Dissolve, CEO Urges Community Takeover&nbsp;</a> 
</blockquote>

Terraform Labs Announces Strategic Sale Amid Chapter 11 Case

The Crypto Times

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