Sanctum acquires Ironforge, plots transaction infrastructure vertical

Key Points

1. Sanctum acquired Ironforge in an all-cash deal, though the terms were not disclosed.

2. Ironforge's team, founded by Italo Casas, will join Sanctum as part of the acquisition.

3. Sanctum plans to add transaction infrastructure as a new business vertical, expanding beyond liquid staking tokens.

4. Sanctum's flagship product is INF, a liquid staking token representing a basket of staked SOL.

5. The acquisition was motivated by challenges observed during high-demand events, such as congestion during Donald Trump’s memecoin launch on Solana.