Based on a recent report, Alexander Ivanov the founder of token issuance platform— Waves has sold off his share in the company’s blockchain subsidiary firm Vostok so as to place his full concentration on the waves platform.

GHP Group Bought the Shares

Ivanov sold his share of Vostok to global financial group GHP Group, therefore, making it the owner of the initiative. The CEO sold the project in order to direct all of the available resources on the development of the Web3 ecosystem within the Waves Platform.

Mark Garber, the board chairman of GHP Group said that:

“Distributed ledger technologies are an extremely promising market. Vostok is one of the leaders in the Russian market, with development potential on a global scale. Vostok’s progress will help GHP Group projects to reach a new level of technological development. The group will continue to build the project, retaining the management team and the platform development team, whose competence is confirmed by their participation in the development of a distributed…

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Source: https://thebitcoinnews.com/waves-ceo-sells-his-share-in-the-blockchain-project-spin-off/