Crypto startup Blockdaemon continues acquisitions, buys Sepior


blockdaemon inc

GenesysGo builds, configures, and maintains RPC servers and validator nodes. The company provides developers and users with an easy-to-use infrastructure platform. blockdaemon inc The company builds secure, stable, and high-performing machines that allow people and businesses to explore blockchain technology and all the benefits it provides.

Spoon presents the path to building credit history like no other – Exclusively for Young Millennials & GenZ. Modern tech to enable you to build secure credit, stay away from unnecessary debt, and help with responsible spends. EquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature. Transactcloud provides managed hosting, system integration and 24/7 operations support. “I think one of the things that is often underestimated is, when you’re a young company, learning how to build a playbook and how to acquire companies and then integrate them really well is also an experience thing.

Blockchain 50

Sign up to our news alerts to receive our regular newsletter and insights into the crypto market direct to your inbox. Sign up to our news alerts to receive our regular newsletterand insights into the crypto market direct to your inbox. EquityZen helps investors to access private companies and their employees to sell shares. Squirro is a provider of Augmented Intelligence software for search, text analytics and insights. Blockdaemon also appears to be growing rapidly, another sign it can afford to make bold moves in a perilous market. The first and second quarters of the year were “record” periods for the company’s sales growth, founder and CEO Konstantin Richter told TechCrunch in an exclusive interview.

Withdrawals of staked ETH are due to go live in mid 2023 following the Shanghai Hardfork. Currently, the staking of ETH is considered inefficient because the assets are ‘locked up’ until the hardfork is complete. A global fintech provider that combines technology and innovation to transform financial industry. Ethixbase360 delivers market-leading technology to help companies identify, manage, and mitigate … Solving specific use-cases in insurance and financial services in collaboration with industry par…

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The firm has unlocked institutional access to crypto by providing reliable liquidity across market conditions. B2C2’s success is built on crypto native technology and continuous product innovation, making it the partner of choice for diverse institutions globally. Founded in 2015 and majority owned by Japanese financial group, SBI, B2C2 Ltd is headquartered in the UK, with offices in the US and Japan.

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The solution has been conceived, built and delivered by well-established industry leaders. Blockdaemon is the leading independent blockchain node infrastructure to stake, scale, and deploy nodes with institutional-grade security and monitoring. We power the blockchain economy by simplifying the process of deploying nodes and creating scalable enterprise blockchain solutions via APIs, high availability clusters, auto-decentralization and auto-healing of nodes. More than just a liquidity BNB https://www.beaxy.com/ provider, B2C2 is a digital asset pioneer building the ecosystem of the future.

Companies in this market offer yield generation for institutional investors through staking, where crypto assets are allocated to process transactions and secure protocols (e.g., Ethereum) in exchange for rewards. Staking providers run nodes as a service for clients, eliminating the technical overhead of setting up and managing nodes of their own. Beleaf Technologies is the best enterprise blockchain technology solution & services provider company in India. The Company offers offers platform that manages nodes and payment rails for blockchain networks. Unlike other liquid staking solutions, Portara’s key differentiator is that it ensures that users can only interact with verified counterparties. As a result, several regulated institutions which were previously unable to participate in liquid staking have now on-boarded with Portara and are actively liquid staking.

blockdaemon inc

So Sepior’s key management solution solves a couple of those problems for us because they provide institutional grade key management, which is actually very rare,” Richter said. Furthermore, Portara’s key innovation is that it is the first solution to provide institutions with liquidity on staked ETH that integrates KYC and AML compliance features into its protocol. These digital receipt tokens are only transferable on-chain between previously KYC/KYB permissioned addresses, which is critical DOGE as industry demand for transparency continues to rise.

dary – Private

Gurgaon based Agnya is an AI platform that provides the user with an ongoing view of their company’s culture, its drivers, and employees’ psychological productivity. What’s more, the two companies share many customers, with overlap coming from Citibank and other financial institutions, Richter said. Sepior has 25 to 50 customers today, while Blockdaemon services about 250, he added. As for their own size, Sepior employed ~20 people in comparison to Blockdaemon’s ~270 at the time of the acquisition announcement.

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Blockdaemon Market

He noted that Blockdaemon was profitable in 2021 and that revenue has stayed “static” throughout the downturn, with the company’s rapid growth making up for the downward movement in token prices, although it did not make a profit last quarter. Richter added that Sepior was “the only [institutional-grade key management provider] of note left” when Blockdaemon went out to make an acquisition. Once the two parties had entered into an exclusive agreement to merge, Richter added, Blockdaemon found out that multiple other parties had also tried to buy Sepior. To be sure, it is a well-capitalized company scooping up a startup at an opportune time, in part because valuations across the board are down. Blockdaemon last raised funding from its investors in January, bringing in $207 million at a $3.25 billion post-money valuation. Even if its own business has felt the effects of the market downturn, Sepior may have, too, meaning Blockdaemon might have picked it up at a significant discount.

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Developer of a node management platform designed to efficiently manage blockchain applications. QuikNode offers a Web3 infrastructure platform, helping developers and businesses build, launch, and scale blockchain-powered applications . It provides a platform for blockchain development and it primarily offers censorship and privacy over the internet. The company was founded in 2017 and is based in North Miami Beach, Florida. Zeeve is a California-based blockchain infrastructure automation platform that allows users to deploy, scale and monitor decentralized applications and blockchain nodes. Blockdaemon was built from the ground up to provide institutions with products and services to enable them to scale and build blockchain-based businesses.”

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This salary information is good starting point for understanding the market for a given role and geographic location, it is often misleading or incomplete because it only states base salary information for the job title. Compensation structures vary greatly across industries, and rarely is base salary the sole indicator of how much an individual will receive in total take home pay especially big technology players. Big Tech Players usually pay fair amount of compensation through stocks and bonuses which is not captured as part of H1B Salary Information. Blocknative builds infrastructure to monitor and manage the transactions on public blockchain networks. It specializes in blockchain, polygon gas estimator, Ethereum gas estimator, meta mask, and mempool explorer.

Who owns Blockdaemon?

A Message From Blockdaemon's Founder & CEO, Konstantin Richter.

Crypto infrastructure provider Blockdaemon has acquired Danish startup Sepior, a digital asset security company providing key management services for institutional clients, for an undisclosed price. The deal marks the startup’s fourth acquisition in two years, the latest of which was Blockdaemon’s purchase of fiat-to-crypto onramp Gem.com in March of this year. Blockdaemon is a blockchain deployment facilitator that manages nodes and payment rails for blockchain networks. Blockdaemon claims its infrastructure can be used to stake, scale and deploy blockchain nodes. Blockdaemon claims to be used by Fortune 500 customers, exchanges, banks, custodians, foundations, and investors.

  • Sign up to our news alerts to receive our regular newsletter and insights into the crypto market direct to your inbox.
  • Staking are complementary business lines that will enhance our overall margin and return profiles.
  • Another reason Sepior looked so attractive to Blockdaemon is that it generates significant revenue in cash through its traditional SaaS-style business model, though Richter did not disclose specific numbers.
  • So seeing Blockdaemon, a venture-backed crypto startup, dole out cash to continue its inorganic growth strategy is somewhat unexpected.
  • So Sepior’s key management solution solves a couple of those problems for us because they provide institutional grade key management, which is actually very rare,” Richter said.

The crypto markets have been trending downward since April, and web3 companies are cash-strapped as a result. So seeing Blockdaemon, a venture-backed crypto startup, dole out cash to continue its inorganic growth strategy is somewhat unexpected. Companies and startups in this collection leverage blockchain technology for crypto blockdaemon inc trading, decentralized finance , NFTs, and more. Serves as the foundation for the smart contract economy and DeFi broadly, and we are excited to increase our exposure to the network and support yet another leading blockchain.” Stakers are compensated for this commitment in the form of a reward of the native network token.

Investment opportunities posted on this website are “private placements” of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. See our Risk Factors for a more detailed explanation of the risks involved by investing through EquityZen’s platform. Fintech and blockchain services platform providing with the vision of making crypto simple. Another reason Sepior looked so attractive to Blockdaemon is that it generates significant revenue in cash through its traditional SaaS-style business model, though Richter did not disclose specific numbers. Blockdaemon itself, meanwhile, makes 70% of its revenue in tokens and 30% in cash, Richter said.

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