Singapore-based multi-currency wallet and blockchain solutions provider Ethos announced last week it has integrated with digital bitcoin and other blockchain tokens marketplace, Shapeshift. The integration news comes less than six months after Shapeshift secured $10.4 million through its Series A funding round, which was led by Berlin-based Earlybird with participants from Lakestar, Access Venture Partners, Pantera Capital, and Blockchain Capital.
According to Ethos, the integration with ShapeShift enables users to securely exchange and swap coins without any intermediaries. Users will be able to initiate trades directly from their wallet with settlement and order handling abstracted and rapidly executed for the user. While sharing more details about the integration, Ethos founder and CEO Shingo Lavine, stated:
“Ethos provides the infrastructure for a more robust digital economy that is truly easy to use and accessible to the average person. We want to partner with leading companies in the space to provide the best possible service while preserving the ideals and allure that cryptocurrencies hold.”
Ethos also reported that it plans to integrate ShapeShift as an offering in its Bedrock product and services. Bedrock is a sophisticated, high-performance API that makes blockchain protocols as accessible as internet protocols for businesses and institutions. The company added:
“Ethos and Shapeshift are taking a leap forward to offer exchange services and move towards building regulated, enterprise-ready service offerings that can service users and institutions globally.”