Successfully managing nodes allows exchanges, custodians, cryptocurrency platforms, financial institutions and developers to connect apps, users and more to blockchains.

Along with a 70 times increase in its valuation in the last year, the company has also seen a 20 times increase in revenue and five times increase in its headcount, though it didn’t provide absolute numbers. Blockdaemon has now averaged more than $10 billion in staked assets across the more thanr 40 protocols it supports.

The company has also launched over 10,000 Ethereum 2.0 validators across its network in the last six months.

“We are committed to a future of decentralized financial infrastructure and accelerating the ease of integration to bridge traditional banking to the crypto ecosystem,” Konstantin Richter, founder and chief executive officer of Blockdaemon, said in a statement.


In May the Goldma led a $15 million investment round in blockchain analytics firm Coin Metrics, and also launched Bitcoin derivatives trading for institutional clients in the same month.

Blockdaemon provides staking and node infrastructure for institutional clients such as Goldman Sachs. According to the firm, it has averaged more than $5 billion in staked assets over the past 12 months and has forecast that figure to reach more than $50 billion by the end of 2021.

The firm offers exposure for institutional clients to networks such as ETH 2.0, Bitcoin, Polkadot, and various protocols such as Dfinity and Near through the Blockdaemon marketplace.

According to a June 8 announcement, Blockdaemon will use the funding to expand node infrastructure services and acquire new staff members and developers.

It also includes the results from providing loans through the firm’s private bank, providing unsecured loans and accepting deposits through the firm’s digital platform, Marcus by Goldman Sachs®, and providing credit cards, all previously reported in Investing & Lending.

The firm believes this new segment presentation, which is part of its ongoing commitment to organizing the firm in a client-centric way, will not only better reflect how the firm is now managed, but also help drive greater accountability for executing its forward strategy.

Learn more and view descriptions of each segment in the form 8-K filed today, available here.

The Goldman Sachs Group, Inc.

Latest information about Infrastructure Provider Blockdaemon Raises $155 Million With Goldman Sachs Participation 2022

Blockdaemon, a blockchain infrastructure provider, has raised $155 million in a Series B funding round, which will support their expansion plans to make acquisitions in the underlying market. cryptocurrency infrastructure. The funding round involved Goldman Sachs, Softbank Vision Fund 2, Matrix Capital Management, Sapphire Ventures and Morgan Creek Digital, among others.

Blockdaemon Raises $155 Million in Series B

Blockdaemon, one of the leading node infrastructure providers, has raised $155 million in its latest Series B funding round.
The company, which specializes in providing node support for other companies to simplify access to blockchains, will use these funds to cement its position as the leading infrastructure provider.

Since then, the company’s valuation has increased dramatically, as has the number of institutional customers that use Blockdaemon’s services for day-to-day operations.

What do you think about Blockdaemon’s latest funding round? Let us know in the comments section below.

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Blockdaemon, mu1ed9t nhu00e0 cung cu1ea5p cu01a1 su1edf hu1ea1 tu1ea7ng blockchain, u0111u00e3 huy u0111u1ed9ng u0111u01b0u1ee3c 155 triu1ec7u u0111u00f4 la trong vu00f2ng tu00e0i tru1ee3 Series B, u0111iu1ec1u nu00e0y su1ebd hu1ed7 tru1ee3 cu00e1c ku1ebf hou1ea1ch mu1edf ru1ed9ng cu1ee7a hu1ecd u0111u1ec3 thu1ef1c hiu1ec7n cu00e1c vu1ee5 mua lu1ea1i trong thu1ecb tru01b0u1eddng cu01a1 su1edf hu1ea1 tu1ea7ng tiu1ec1n u0111iu1ec7n tu1eed.

NEW YORK, NY, January 7, 2020 –The Goldman Sachs Group, Inc. (NYSE: GS) today announced new business segments for the reporting of its financial results, beginning with its 2019 fourth quarter and annual results to be announced Wednesday, January 15. The business segments are: Investment Banking, Global Markets, Asset Management and Consumer & Wealth Management.

As described in the form 8-K filed today, the primary changes were:

  • Investing & Lending results are now included across the four segments as described below.
  • Investment Banking additionally includes the results from lending to corporate clients, including middle-market lending, relationship lending and acquisition financing, previously reported in Investing & Lending.

Also, Blockdaemon is planning to funnel these funds to make strategic acquisitions that will help it create new products and deepen the integration these have with each one of the blockchains with which they interact.

Oli Harris, North America head of digital assets at Goldman Sachs, stated:

Goldman Sachs is very pleased to continue our relationship with and investment in Blockdaemon as they continue to innovate for the financial services industry. We believe Blockdaemon has a key role to play in the future of blockchain and crypto adoption.

Blockdaemon stepped up its game in this latest funding round, going from raising $28 million in its Series A, in which Goldman Sachs also participated, to the $155 million raised this time around.

Matrix Capital Management, Sapphire Ventures, Goldman Sachs, Kraken Ventures, Morgan Creek Digital, and Coinfund participated in the funding round.

This funding round puts Blockdaemon at a valuation of $1.255 billion, making it one of the leaders of the industry. The company has experienced a resurgence in providing its services this year with the recent bull market, and is now responsible for 10,000 ETH 2.0 validators and has more than $70 billion in staked assets.

Konstantin Richter, founder and CEO of Blockdaemon, stated:

This latest large infusion of capital is another major milestone for Blockdaemon and will ensure that we continue to revitalize existing financial infrastructure around the globe.

Hiring and Acquisitions Coming

The company plans to increase its headcount, sourcing talent from countries like Singapore, Japan, the U.K., and Germany.

Matrix Capital Management, Sapphire Ventures, Goldman Sachs, Kraken Ventures, Morgan Creek Digital and Coinfund participated in the funding round.

This funding round places Blockdaemon at a valuation of $1.255 billion, making it one of the industry leaders. The company experienced a resurgence in its service offering this year with the recent bull market and is now responsible for 10,000 ETH 2.0 validators and has over $70 billion in assets set.
pile.

Konstantin Richter, Founder and CEO of Blockdaemon, stated:

This latest major funding round is another major milestone for Blockdaemon and will ensure that we continue to revitalize the existing financial infrastructure globally.

There is a rental and buy-back coming soon

The company plans to increase its headcount, seeking talent from countries like Singapore, Japan, the UK and Germany.

Goldman Sachs has backed a Series A $28 million funding round for Blockdaemon, and invested $5 million in the blockchain infrastructure firm.

Goldman Sachs has backed a $28 million Series A funding round for blockchain infrastructure firm Blockdaemon.

The funding was led by Greenspring Associates and included participation from crypto lending firm BlockFi, and crypto-asset broker Voyager Digital Ltd, along with a $5 million investment from Goldman Sachs.

Goldman Sachs is an American multinational investment bank with a net worth of $131 billion. The banking giant appears to be paying a significant amount of attention to crypto of late.

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