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. 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