Ayre Group acquires nChain in CHF 500 million deal

nChain is a leading global blockchain technology company, offering software solutions, consulting services and IP licensing for clients in various industries looking to benefit from the security, transparency and scalability of the blockchain. Founded in 2015, nChain employs more than 240 staff. 

In 2020 nChain moved the nChain Group Holdings Ltd and the nChain Holdings Ltd to Zug renaming it to nChain AG and nChain Licensing AG respectively. According to the Swiss Commercial Register, Stefan Matthews, nChain's Co-Founder and Executive Chairman is based in Switzerland. In addition several team members including the Chief IP Officer and the Head of Commercial and Strategy are working out of Switzerland.

To date, nChain has been awarded nearly 800 technology patents with over 3,000 more presently awaiting approval, a wide-ranging intellectual property library representing the fundamental building blocks on which the next-generation internet products and services will be built.

Ayre Group Founder Calvin Ayre commented on the deal: "For the better part of a decade, nChain and its London-based Chief Scientist Dr. Craig Wright have been quietly amassing a patent portfolio of unparalleled scope. My goal is to accelerate the pace of nChain's development and increase the commercial adoption of its extensive IP library."

Stefan Matthews added: "Calvin has been a strong advocate for nChain over the years. His decision to take a greater equity position in the nChain Group signifies his confidence in our business model and the value that we hold in our patent portfolio, software development and consulting services." 

(Press release / SK)