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    Home » Blockdaemon buys expand.network to improve DeFi access
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    do banks use blockchain technology
    Blockchain

    Blockdaemon buys expand.network to improve DeFi access

    By Juno chenMarch 25, 2025No Comments2 Mins Read
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    • Blockdaemon has agreed to acquire expand.network, aiming to integrate its multi-blockchain connectivity solutions into Blockdaemon’s infrastructure.
    • The acquisition enhances Blockdaemon’s ability to offer a unified API, streamlining DeFi transactions and on-chain data access for institutional clients.

    What happened: Blockdaemon acquires expand.network to enhance DeFi connectivity

    Blockdaemon, a blockchain infrastructure firm specializing in institutional node management and staking services, has entered into a binding agreement to acquire expand.network, a company that provides an API service enabling connections across multiple blockchains and decentralized finance (DeFi) protocols. The financial terms of the deal were not disclosed. 

    Founded in 2023, expand.network offers functionalities such as data queries, transaction execution, trade decoding, liquidity management, and compliance checks. Blockdaemon plans to integrate expand.network’s technology into its existing infrastructure to provide a unified API for DeFi transactions and on-chain data sourcing. 

    Also read: Trump inspired DeFi platform raises $550M in token sales
    Also read:
    Blockchain groups sue US IRS over new DeFi regulations

    Why it’s important

    This acquisition marks Blockdaemon’s fifth since 2021, reflecting its ongoing strategy to broaden service offerings and strengthen its position in the blockchain infrastructure sector. By incorporating expand.network’s capabilities, Blockdaemon aims to simplify blockchain connectivity for businesses, facilitating seamless integration with various DeFi protocols. This move is expected to enhance the accessibility and efficiency of blockchain transactions for institutional clients.

    Acquisition API integration Blockchain Blockdaemon DeFi expand.network institutional services
    Juno chen

    Juno Chen is an intern reporter at BTW Media. Having studied Media and Data Analytics at the University of Sydney. She specialised in industry insights Contact her at j.chen@btw.media.

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