Galaxy Digital, a publicly traded cryptocurrency financial services company, has acquired “substantially all” of the assets of blockchain node operator CryptoManufaktur.
The deal expands the role of the company led by Michael Novogratz. Ethereum Ethereum
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As part of Galaxy Digital’s broader plan to expand its role in blockchain infrastructure, the acquisition adds to Galaxy’s existing cryptocurrency trading and investment management business. Terms of the deal were not disclosed.
“Galaxy is rapidly expanding its blockchain infrastructure and staking capabilities, providing enterprise-grade technical expertise and support to strategic corners of the digital asset ecosystem,” Zane Glauber, Galaxy’s head of blockchain infrastructure, said in a statement. “The CryptoManufaktur acquisition is a significant milestone that significantly strengthens our position as a leading technology partner to protocols and builders.”
As part of the deal, CryptoManufaktur’s three-person engineering team, including founder Thorsten Behrens, will join Galaxy’s blockchain infrastructure team to support the company’s development of staking and blockchain validator services for qualified investors, protocols, and digital asset platforms.
“We believe Galaxy is uniquely positioned as a blockchain infrastructure provider and leading validator across high-performance blockchains,” said Behrens. “We look forward to joining the team and scaling our integrated operations.”
Founded in 2020, CryptoManufaktur initially focused on core infrastructure for Chainlink’s price feeds, but later expanded to run automated and secure Ethereum proof-of-stake node deployments. It has also provided infrastructure for other blockchains such as Polygon and Optimism.
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