blockdaemon

ChainCatcher news, according to Cointelegraph, leading crypto infrastructure provider Blockdaemon has launched a non-custodial yield service called Earn Stack for institutional clients, supporting DeFi yields and PoS staking across over 50 protocols. The service complies with SEC guidelines and is ISO 27001 and SOC 2 certified, supporting no-code integration and multiple APIs, providing forfeiture protection, liquidity aggregation, and cross-chain staking capabilities.

ChainCatcher news, according to CoinDesk, leading crypto infrastructure provider Blockdaemon has acquired expand.network, a company that offers a single API connection service for DeFi (Decentralized Finance), aimed at helping large financial institutions seamlessly access on-chain transactions. Although the specific acquisition price was not disclosed, Blockdaemon stated that the deal is worth tens of millions of dollars. Expand provides API access services for DeFi, supporting connections to over 170 endpoints, including decentralized exchanges (DEX), cross-chain bridges, lending protocols, and oracle services.Blockdaemon founder and CEO Konstantin Richter stated in an interview: "DeFi will significantly reduce the cost for banks and institutions to operate financial infrastructure, which is also an area where institutions can benefit in the long term. While this field is still in its early stages, there is much work to be done in terms of regulatory clarity, adoption rates, and decentralization, but now is the right time to accelerate our product suite in this specific vertical."

ChainCatcher news, the latest research report from blockchain infrastructure company Blockdaemon points out that as the 2024 U.S. presidential election approaches, the regulatory landscape for digital assets is expected to make significant progress in 2025. The report indicates that two key regulatory policies are currently in the legislative process: the proposal to repeal SAB 121 and the landmark "21st Century Financial Innovation and Technology Act" (FIT21).Among them, the FIT21 bill was passed in the House of Representatives in May 2024 with bipartisan support. The core content of the bill includes clearly defining the regulatory boundaries between the SEC and CFTC, establishing standards for identifying the commodity and security attributes of digital assets, and creating a legal framework for financial institutions to conduct digital asset custody services.Blockdaemon predicts that with strong bipartisan support, the FIT21 bill is expected to pass the Senate in 2025 and ultimately be signed into law, which will enable the U.S. to play a leading role in balancing innovation and consumer risk.

ChainCatcher news, according to The Block, Blockdaemon's International Director and Vice President Andrew Vranjes stated that Hong Kong regulators may approve the staking feature for Ethereum spot ETFs within this year. Currently, the Blockdaemon team is closely collaborating with local spot crypto ETF issuers and regulators in Hong Kong to develop viable staking solutions.Vranjes pointed out that the staking feature is expected to be approved "within a specific framework," potentially opening first to qualified investors. He added that the team has made progress and expects relevant announcements to be released soon.

ChainCatcher news, blockchain infrastructure company Blockdaemon founder Konstantin Richter stated that the company may go public in 2026. The Blockdaemon website shows that this U.S.-based company, founded in 2017, has secured over 400 institutional clients, with supporters including Goldman Sachs, JPMorgan, and Citi Ventures Inc.Richter stated that Blockdaemon's latest valuation is approximately $3.3 billion. He mentioned on Wednesday that Hong Kong is currently more suitable for an IPO than the United States, as the latter's cryptocurrency regulatory environment is "really bad." He added that regardless of the outcome, the regulatory environment in the U.S. will improve after the November elections. He also noted that Asia is a growth driver for its business, and the company may double its team size in the region within a year.According to a press release, Blockdaemon's post-money valuation in a $207 million funding round in 2022 was $3.25 billion, with investors including SoftBank Vision Fund 2.

ChainCatcher news, Blockdaemon has joined the industry's "first" Ethereum (ETH) node operator Risk Standard (NORS) certification release, establishing a new benchmark for the operational security and risk management of Ethereum node operators.In addition, Blockdaemon has now joined the NORS development working group, which "collaborates on the development, iteration, and maintenance of the standard to keep it relevant and accurate." It is reported that the NORS certification simplifies the "due diligence process for banks and large institutions regarding Ethereum staking."

ChainCatcher news, according to Cointelegraph, the Singapore-based global blockchain infrastructure organization BSN Foundation officially announced its establishment on November 16, with five international founding members. The founding members of BSN include institutional digital asset wallet Blockdaemon, blockchain infrastructure automation platform Zeeve, digital asset creation platform Toko, as well as technology companies GFT Technologies and Hongzao Technology. The newly established BSN Foundation will serve as the governing body of the BSN Spartan network.It is reported that the BSN Spartan system is the open-source international version of the blockchain service network BSN, which was launched overseas last year. Tim Bailey, Vice President of Global Business at Hongzao Technology, stated that BSN was indeed initially initiated in China. However, the BSN Spartan network is managed by the Singapore BSN Foundation and is different from the BSN network in mainland China; the BSN Spartan network is built to international standards, fully open-source, and operates separately from the BSN network in mainland China.

ChainCatcher news, according to CoinDesk, Standard Chartered's subsidiary and cryptocurrency custody provider Zodia Custody will offer crypto staking services to institutional clients through a partnership with infrastructure provider Blockdaemon.According to RootData, [Zodia Custody](https://www.rootdata.com/zh/Projects/detail/Zodia Custody?k=NzczNg==) completed a $36 million Series A funding round on April 27, 2023. Blockdaemon completed a $207 million Series C funding round on January 27, 2022, with a valuation of $3.25 billion. (Source link)

ChainCatcher news, according to CoinDesk, blockchain infrastructure company Blockdaemon will launch an integrated wallet service, Blockdaemon Wallet, to help large institutions and crypto custodians manage their assets without relying on third parties.Blockdaemon Wallet will integrate Blockdaemon's existing wallet infrastructure along with some new features into a new platform focused on security, compliance, and liquidity. (Source link)

ChainCatcher news, the staking service platform Kiln has completed a €17 million ($17.6 million) financing round, led by Blockdaemon and Illuminate Financial, with participation from ConsenSys Mesh, Kraken Ventures, GSR, LeadBlock Partners, Sparkle Ventures, Alven, and Blue Yard Capital. It is reported that this financing round ended in October.Currently, Kiln supports staking for Ethereum, Solana, Tezos, NEAR, Terra, and Cosmos, with plans to support more blockchains in the future. (The Block)

Chain Catcher news, South Korean crypto financial company Delio has partnered with blockchain infrastructure provider Blockdaemon. In addition to Delio's existing crypto banking products such as loans and deposits, Blockdaemon provides retail-focused staking services for Delio. (source link)