Blockdaemon’s Revolutionary Wallet App Targets Big Players in the Crypto Game

Blockdaemon Launches All-In-One Wallet Service for Large-Scale Crypto Institutions and Custodians

Blockdaemon, a leading crypto infrastructure provider, is launching a new wallet service aimed at helping large-scale institutions and crypto custodians manage their assets without relying on third-party services. The Blockdaemon Wallet will incorporate the firm’s existing wallet infrastructure and new features, all focused on security, compliance, and liquidity. The service aims to address the challenges faced by large financial institutions in securing their assets due to regulations and security constraints. While consumer-focused crypto wallets may not be adequate for large institutions, third-party custodians can be unreliable, leading to a growing demand for self-custody solutions.

Self-custody has become increasingly important for both individuals and institutions, according to Blockdaemon CEO Konstantin Richter. He noted that larger institutions want to control their keys and assets while ensuring access to liquidity, compliance, and high levels of security. The Blockdaemon Wallet aims to fill a gap in the market by providing a self-custody solution that meets these needs. The service is set to integrate other elements of Blockdaemon’s toolkit, such as its staking suite, which allows institutions to stake crypto on blockchains like Ethereum in return for a reward.

Blockdaemon raised $207 million in Series C funding last year and counts Goldman Sachs and Tiger Global among its investors. The company offers a range of blockchain infrastructure products designed for crypto custodians, stakers, and node operators. The Blockdaemon Wallet is the latest addition to its suite of products and is expected to appeal to institutions that want to take control of their assets while ensuring high levels of security and compliance.

The Blockdaemon Wallet will enable large institutions to manage their assets without relying on third-party services. The service will allow users to store, manage, and transfer their crypto assets securely and efficiently. The wallet will incorporate existing wallet infrastructure from Blockdaemon, along with new features designed to meet the needs of institutional investors. The service aims to provide a self-custody solution that meets the high standards of security and compliance required by large institutions.

The Blockdaemon Wallet will also provide access to liquidity, allowing users to trade their assets instantly without relying on third-party services. The service will integrate with various liquidity providers, enabling users to access the best prices for their trades. The wallet will also provide users with real-time market data, enabling them to make informed trading decisions.

The Blockdaemon Wallet is expected to appeal to institutions that want to take control of their assets while ensuring high levels of security and compliance. The service is designed to meet the needs of institutional investors who require a self-custody solution that is reliable, secure, and efficient. With the integration of other elements of Blockdaemon’s toolkit, the wallet is set to become an all-in-one solution for institutions looking to manage their crypto assets.

In conclusion, the Blockdaemon Wallet is a new self-custody solution designed for large-scale institutions and crypto custodians. The service aims to provide a secure, compliant, and efficient way for users to manage their assets without relying on third-party services. With the integration of other elements of Blockdaemon’s toolkit, the wallet is set to become an all-in-one solution for institutions looking to take control of their crypto assets.

Martin Reid

Martin Reid

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