Circle's acquisition of Interop Labs and its intellectual property accelerates its cross-chain interoperability deployment.
TL;DR
Circle acquires Interop Labs to boost cross-chain interoperability, with the deal closing in 2026. The Axelar network will remain independent, and Common Prefix will take over related work.
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According to Foresight News , Circle has signed an agreement to acquire the Interop Labs team and its proprietary intellectual property, with the acquisition expected to close in early 2026. By integrating Interop Labs' talent and technology into Circle, Circle aims to accelerate the development of its multi-chain infrastructure. With the team joining Circle, the Axelar network, foundation, and AXL token will continue to operate independently under community governance, and the open-source intellectual property will remain open. Common Prefix, another contributor to the Axelar project, will take over the relevant work from Interop Labs.