Jan 26 (Reuters) - Tiger Global Management and Sapphire led
a $207 million financing round in Blockdaemon, valuing the block
chain firm at $3.25 billion, the company said on Wednesday.
Several large investors and financial institutions are
warming to crypto and other digital assets, boosting demand for
In a separate announcement, Blockdaemon said it had
partnered with Stakewise to build a liquid staking product on
the block chain network Ethereum. This would allow clients to
use the staked capital for borrowing or lending.
Existing investors SoftBank Group Corp's Vision
Fund 2, Boldstart Ventures, StepStone Group, Matrix Capital
Management and Lerer Hippeau also participated in the latest
"The digital asset class is here to stay, especially as
financial services and publicly traded companies continue to
enter the fray," said Jai Das, president and partner at
Blockdaemon is used by exchanges, custodians, crypto
platforms, financial institutions and developers to connect
commercial stakeholders to blockchains. It offers node
operations and infrastructure tooling for blockchain projects.
Blockdaemon is also backed by investors like Hashkey,
CoinShares and Kenetic.
(Reporting by Rithika Krishna in Bengaluru; Editing by Sriraj