Blockdaemon, a prominent blockchain infrastructure provider, has announced the acquisition of expand.network, marking its fifth strategic purchase to enhance institutional access to decentralized finance (DeFi) services.
The deal brings together Blockdaemon's established blockchain platform with expand.network's specialized API solutions that enable institutions to connect with DeFi protocols and manage on-chain financial activities.
expand.network's technology provides a unified interface that simplifies connectivity across multiple blockchain networks. Their platform supports the complete trading lifecycle - from pre-trade analysis through execution and reconciliation. Key features include DEX pricing data, wallet analytics, liquidity pool insights, and tools for managing assets across trading, staking, and lending protocols.
The combined offering aims to reduce technical barriers for institutions entering the blockchain space. Wallet providers, DeFi brokers, analytics firms, and asset managers can now access comprehensive infrastructure through a single integration point.
"By incorporating expand.network's technology, we'll deliver enhanced connectivity and data access that institutional clients need to scale their blockchain operations," noted Blockdaemon leadership. The acquisition follows their previous strategic purchases of Sepior, Gem, Anyblock Analytics, and Lunie.
expand.network's team expressed enthusiasm about accelerating development of their API infrastructure as part of Blockdaemon. The partnership focuses on empowering institutional innovation in DeFi through simplified, secure access to blockchain networks.
The acquisition reinforces Blockdaemon's position as a leading infrastructure provider supporting institutional adoption of blockchain technology and DeFi services. The integration is expected to create new opportunities for businesses seeking to launch and expand their presence in the digital asset ecosystem.