Invest in Blockdaemon

Blockdaemon provides both cloud and on-prem node infrastructure solutions. Blockdaemon allows deploying on multiple clouds in any supported region. The Company uses multiple cloud providers (such as Google Cloud, AWS, Azure) across many geographic regions and networks and uses its own managed data centers, private clouds, and the major public clouds. Blockdameon also supports customers that want to run private blockchains on closed networks—nodes can be run on internal data centers or networks not accessible by the internet.

Blockdaemon’s offerings (built on top of public, open source networks) have allowed it to successfully develop a total ‘node stack’. This stack is a wide range of blockchain products and services that can be accessed through one interface to navigate the blockchain ecosystem.

Customers can run their own validators with Blockdaemon and stake without fear of slashing, and alternatively can stake to Blockdaemon’s public validators. Slashing is a mechanism built into proof-of-stake blockchain protocols to combat validator misbehavior and promote node security, availability, and network participation. If a validator shows harmful behavior, a percentage of their staked tokens will get slashed, or lost.

With the company’s node stack, institutions can access transaction nodes, staking, custodial APIs, liquidity options, high availability (HA) clusters and NFTs for exchanges. HA clusters are groups of computers that provide a more resilient and consistent service, quickly adding redundant machines to handle node failures, surges in demand or other turbulence that may arise.

Blockdaemon monitors and maintains all nodes to drive maximum yield. Protocol-specific failover strategies have been crafted to eliminate the risk, and backup nodes exist for fast recoveries when needed. Blockdaemon also has 24/7 monitoring of machine and protocol metrics to avoid downtime-related slashing.

Blockdaemon helps investors earn competitive yields and avoid risk, while maintaining custody of their crypto assets. Blockdaemon has close relationships with top network custodians to handle key management. Blockdaemon provides the custodian staking on-ramp and the Company’s nodes are used by leading custodians and handle millions of transactions per day.

The company’s experience running nodes on every major network has led it to develop market leading tooling to help reduce downtime. Investors can delegate to any of Blockdaemon’s validators and staking networks with Blockdaemon Marketplace.

Blockdaemon provides the most comprehensive staking dashboards and exportable reports to allow investors to more easily manage staking positions with 1000+ validators.

Over the past year, Blockdaemon has been on a fast-track, increasing its valuation by 10x since the Series A in Q2 2021; its revenues by 12x over FY’21; and its headcount by 6x as it continued to scale a diverse global team that maintains a strong majority technical talent ratio. The Company also launched more than 40,000 nodes, averaged more than $10 billion in monthly staked assets, and expanded its presence in global cloud regions (Germany and Singapore) and diversified data centers.

In October 2021, CEO Konstantin Richter said the Company “is expecting annual recurring revenue to be between $70 and $80 million,” according to Blockworks. Blockdaemon makes money by taking a cut from all staking revenue that gets generated.

Blockdaemon’s Ubiquity API caters to developers and serves as a high performance, multi-chain API for accessing blockchain data across multiple protocols–many blockchains with one API. Ubiquity generalizes blockchain content into a common format making it easy for reading blockchain data across multiple protocols.

To serve a growing demand for products with DeFi access from its institutional clients, Blockdaemon has partnered with StakeWise to build an institutional-grade liquid staking product on the Ethereum network. The partnership will create a KYC-based liquid staking solution for staking and leveraging derivative tokens, allowing clients with demanding compliance requirements to utilize staked capital for borrowing, lending, option writing, liquidity provision and waging on interest rates via other compliant DeFi applications.

Alongside Marsh, the world’s leading insurance broker and risk advisor, Blockdaemon has rolled-out an industry-first insurance policy to protect its customers from the downside of blockchain staking slashing events.

In conjunction with Blockdaemon’s Series C fundraising round, the Company launched a DeFi Fund that will reinvest earned assets into institutional grade DeFi offerings. Blockdaemon is also creating Centralized Finance (CeFi) solutions for customers with a strong regulatory focus.

Blockdaemon recently made two acquisitions, crypto on-ramp company Gem and Anyblock Analytics, an infrastructure platform providing API, on-chain analytic tools, monitoring, and node hosting services across various blockchain networks.

Blockdaemon recently launched an initiative that will improve the open source ecosystem, an important growth area for blockchains, that the Company and others rely on including improved node software, crypto libraries, public documentation, and new toolsets to increase system resiliency. Blockdaemon also donated $900,000 worth of IBM Cloud Credits to the Ethereum Foundation to aid their efforts in testing Ethereum’s merge.

Blockdaemon recently strategically invested in Obol Labs, a trust minimized staking protocol for public blockchain networks based on Distributed Validator Technology (DVT).

Blockdaemon recently integrated with Crypto.com Pay to give its customers the option to pay their invoices with cryptocurrency. This innovative payment solution allows its customers to settle invoices in 20+ tokens.

In July 2022, Blockdaemon acquired Sepior, a leading data and digital asset security company focused on institutional-grade cryptographic key management and protection. Sepior will further facilitate Blockdaemon’s ability to connect businesses to blockchains with one integration. Following the acquisition, Blockdaemon will add the ability to offer institutional customers custodial and non-custodial wallet solutions for digital assets.

In February 2023, B2C2 announced a strategic collaboration with Blockdaemon and StakeWise to be the sole OTC spot liquidity provider for the staked ETH (sETH-h) liquidity token, built on Portara, a permissioned liquid staking solution. "We’re proud to be collaborating with B2C2 and StakeWise to develop leading-edge products and services for the broader financial sector. Liquidity is the lifeblood of any market and the truly innovative approach we have taken with Portara, our liquid staking solution, not only solves the liquidity issues leading up to the Shanghai hard fork but it’s a long-term liquidity solution for institutions looking to leverage crypto positions while still earning rewards," said Chris Sharp, CTO of Blockdaemon.

In February 2023, Blockdaemon announced they will support Coinbase's Base, an Ethereum Layer 2 (L2) network offering a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps or “dapps” on-chain. Base will serve as the on-chain home for Coinbase products, as well as an open ecosystem where anyone can come build with them and for their customers. Blockdaemon is the only multi-chain API that allows access to Base and gets you up and running in seconds.

In April 2023, Blockdaemon announced the launch of the Blockdaemon wallet. The Blockdaemon Wallet offers a unique solution designed specifically for professional, institutional customers who require a self-hosted platform that combines cutting-edge security features with accessibility and seamless integration, enabling a higher level of asset liquidity. Blockdaemon Wallet's use of MPC at both the key layer and policy layer, combined with cryptographically enforced policies, makes this wallet as close to cold storage as can be achieved while still offering the accessibility of online/hot wallets.

In May 2023, Blockdaemon extend their Staking API support for NEAR. Their latest release simplifies the NEAR staking process, making it easy for institutions to integrate with the blockchain economy through a single integration.

In June 2023, Zodia Custody announced it has partnered with Blockdaemon to become the first bank-owned and FCA-registered custodian to offer staking services to institutional clients.

In July 2023, Blockdaemon extended their Staking API and Staking Reporting API support for Cardano (ADA). Their latest release simplifies the Cardano staking process, making it easy for institutions to integrate with the blockchain economy through a single integration.