Blockdaemon, a leading supplier of cryptographic infrastructure, has acquired Expand.network, a single API connection in the multiple world of decentralized finances (DEFI), in order to allow large financial institutions to access without problems in the chain.
The exact price paid by Expond.network was not revealed, but Blockdaemon said the agreement was worth millions of two -digit dollars. The firm provides API access to Defi, allowing connections to more than 170 final points, including dexs, bridges, loan protocols and oracles.
As the long -awaited regulatory clarity reaches cryptography in the United States, banks and large financial institutions are considering an entry into the financial world in the chain.
Blockdaemon, which has banks such as Goldman Sachs among its sponsors, helps around 70% of the main active institutions in cryptography, which includes running more than 250,000 nodes in 40 data centers, as well as managing replacement rewards, and more recently establishes that the offers of cross -block locks wallets for large players for large players.
The next logical step for banks and institutions is to provide easy access through the interoperable wallets of blockdaemon and ready for rethinks in the complex kingdom of loans, loans and automated defi liquidity, said Konstantin Richter, founder and CEO of Blockdaemon.
“Defi will make the operation of financial infrastructure much cheaper for banks and institutions and that is where many institutional benefits will reside over time,” Richter said in an interview. “It is still very early and obviously there are many things that must still happen in terms of regulatory clarity, adoption and decentralization. But time is the right to accelerate that particular vertical within our product suite.”
Update (March 19, 13:10 UTC): Changes to expand to expand.network
