El Salvador Hands Majority Stake in Chivo to Linguard Labs for Relaunch

Crypto News reported that the Salvadoran government partnered with Linguard Labs, a digital finance company, to relaunch Chivo as a financial platform for Salvadorans worldwide. Under the deal described by that outlet, Linguard Labs acquired a majority stake in Chivo while the government stays a shareholder. Crypto News said the structure fits El Salvador's programme with the International Monetary Fund, and that development is under way in San Salvador with backing from financial and crypto companies. Users with compatible phones and valid IDs would hold funds, send and spend money, borrow, and exchange dollars for digital assets, while microloans and cash advances would be based on on-platform income and payment activity rather than banking history, and merchants could get financing for inventory, staff and expansion. No pricing, launch date, stake percentage or list of supporters was published, and no other outlet in the evidence set has confirmed any of it.