Blockdaemon, the blockchain infrastructure firm backed by Citi, Goldman Sachs and JP Morgan, has bought expand.network, its fifth acquisition. Expand provides a unified API to access all sorts of decentralized finance (DeFi) protocols, including a wide range of decentralized exchanges (DEXs) as well as staking and lending protocols. Expand.network was incubated by Cumberland Labs, which was co-founded by DRW.
Meanwhile, Blockdaemon provides blockchain node infrastructure, staking and MPC wallet solutions to more than 400 institutions.
The expand.network APIs are not purely transactional. They also include pre trade DeFi support such as analytics for liquidity pools and pricing data, and transaction reconciliation post trade.
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