Goldman Sachs backs $28M funding round for Blockdaemon

Goldman Sachs backs $28M funding round for Blockdaemon


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.

Trending: Amazon Series “Utopia” Includes Plot to Release Virus & Depopulate the World with Vaccine

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

Continue reading

You Might Like

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend