Goldman Sachs moves forward in supporting yet another company’s expansion in the market. This time it is DeFi-based blockchain firm Blockdaemon.
Contributing towards the funding of Blockdaemon, Goldman Sachs has yet again used its power to directly support the rising firm in its growth. According to an announcement, Goldman Sachs and other investment firms such as Greenspring Associates, BlockFi, and Warburg Serres, have apparently invested a whopping $28Million in the funding event of Blockdaemon. This will indeed help out BlockDaemon in many different ways, and the founders couldn’t be more grateful for their generous contributions. Latest investments include support from Uphold, Voyager Digital, and a few others.
Goldman Sachs and Crypto
Goldman Sachs has had a history of having questionable remarks about cryptocurrency and the crypto space, even stating that Bitcoin does not come in the asset class, but now it seems that the investment bank is slowly moving in to embrace the crypto space, as their latest activities include the continuous finding of crypto-based firms in their progress and restarting of its crypto trading desk.
Digital Asset Head at Goldman Sachs NA, Mr. Oli Harris, gave positive remarks about blockchain technology, saying that Blockchain is a great way for innovating in the financial industry. Mr. Harris also commented on Blockdaemon, saying that Blockdaemon is indeed going to help in strengthening the infrastructure of blockchain technology, and Goldman Sachs is feeling confident to join them in their quest to provide robust blockchain services to those who want to take advantage of it. Goldman Sachs highlights a vision of finance systems without banks, so it is keeping a close eye on the Crypto market.
Blockdaemon’s Optimistic Future
Blockdaemon mentioned in a recent tweet stating that the company is very excited about the generous investment Goldman Sachs and the others. Blockdaemon also mentioned some back history of its progress, revealing that the company has managed to make more than $5 Billion in staked assets and is handling over 25 Million users with more than 10,000 nodes distributed in 40 blockchain networks and 20 regions worldwide.
Blockdaemon shows a great deal of interest towards DeFi and is helping out many firms such as PayPal Holdings, Robinhood Markets, and others to effectively take advantage of blockchain technology by integrating it into their products.