Circle completed the acquisition of Malachite from Circle Internet.

Circle, a financial technology firm, completed the acquisition of Malachite, a Byzantine Fault Tolerant (BFT) consensus engine, from Informal Systems, a blockchain infrastructure and protocol design company. Finnancial terms were not disclosed. "This acquisition is a strong validation of Malachite and of our incubation model. Circle's adoption of Malachite provides a high-impact use case, a robust financial foundation for future development, and ensures our technology contributes to meaningful, mission-aligned outcomes," Ethan Buchman, Informal Systems CEO.