Blockdaemon Acquires Expand.Network to Enhance DeFi Access for Institutions
Blockdaemon has acquired expand.network, enhancing its crypto infrastructure capabilities. The deal, valued in the double-digit millions, allows access to over 170 DeFi endpoints through a single API.
- Expand connects to DEXs, bridges, lending protocols, and oracles.
- Regulatory clarity in the U.S. is driving banks to explore on-chain finance.
- Blockdaemon supports around 70% of top 500 crypto-active institutions.
- The company operates over 250,000 nodes across 40 data centers.
- Blockdaemon is also developing self-custody wallet offerings.
- CEO Konstantin Richter emphasized the cost efficiency and institutional benefits of DeFi.
Richter noted that further regulatory developments and adoption are needed but highlighted the potential for accelerated growth in DeFi integration.