Citi, Salesforce Ventures invest in blockchain infrastructure startup Blockdaemon – Ledger Insights

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Blockdaemon which offers infrastructure together with blockchain nodes and cryptocurrency staking providers, introduced the addition of Citi Ventures, Salesforce Ventures, Telstra Ventures, and Invicta Development as new buyers. It didn’t disclose the quantity raised.

In January, the corporate introduced a $207 million Collection C funding spherical at a $3.25 billion submit cash valuation, bringing whole funds raised to nearly $400 million. Present buyers embrace Goldman Sachs, JP Morgan Chase, SoftBank Imaginative and prescient Fund 2, and Tiger International.

“Among the most elite buyers on this planet have put their confidence in Blockdaemon, as we allow monetary establishments world wide to have interaction within the cryptocurrency ecosystem via our steady and safe blockchain infrastructure,” stated Konstantin Richter, CEO and Founder, Blockdaemon.

The corporate is finest identified for offering validator nodes to giant token holders for proof of stake blockchains. It helps 50 blockchains, of which half are proof of stake. To date, it has launched greater than 40,000 nodes and averages $10 billion in month-to-month staked belongings.

“As digital belongings develop into extra mainstream with monetary establishments and retail buyers, it’s essential that stability, reliability and safety are prime priorities,” stated Luis Valdich of Citi Ventures. “Citi Ventures is proud to make Blockdaemon our first funding in blockchain infrastructure, the spine that makes cryptocurrencies doable.”

So who’re Blockdaemon’s opponents? One is ConsenSys which affords staking via Infura and has raised a significant amount of funding. However it’s a worthwhile enterprise, so among the different gamers are apparently bootstrapped. 

In Europe, Refrain One says it has greater than $3 billion staked, and US-based Allnodes, based by Russia’s Konstantin Boyko-Romanovsky, has $3.9 billion staked and greater than 32,000 nodes. Whereas LinkedIn isn’t essentially an correct indicator of employees numbers as many techies don’t use it, Blockdaemon reveals greater than 200 employees, Refrain One simply over 20, and Allnodes simply three.


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