Quick take:
As part of the deal, CryptoManufaktur’s 3-person engineering team led by founder Thorsten Behrens, will join Galaxy’s Blockchain Infrastructure team.
Zane Glauber, Galaxy’s head of the blockchain infrastructure said the acquisition bolsters his company’s position as a leading technical partner to protocols and builders.
CMF originally launched to build core infrastructure for Chainlink’s price feeds but has since expanded to become one of the leading blockchain infrastructure providers.
Galaxy Digital Holdings, the digital asset investment and blockchain services company providing institutions, startups and individuals access to the digital economy has acquired nearly all of CryptoManufaktur’s (CMF) Ethereum assets, according to an announcement on Friday.
This acquisition brings the total number of Ethereum “assets under stake” (AUS) at Galaxy to about $1 billion and the overall AUS to $3.3 billion.
The acquisition will also see CryptoManufaktur’s 3-person engineering team led by founder Thorsten Behrens join Galaxy’s Blockchain Infrastructure team as part of the deal.
CMF originally launched to build core infrastructure for Chainlink’s price feeds but has since grown to become one of the leading blockchain infrastructure providers, expanding to running automated, securing Ethereum proof-of-stake (“PoS”) node deployment infrastructure, as well as supporting other oracle and PoS ecosystems.
This acquisition bolsters Galaxy’s diversified business model as it seeks to solidify its position as a leading technical partner to protocols and builders.
“Galaxy is rapidly expanding its blockchain infrastructure and staking capabilities and capacity to provide enterprise-grade technical expertise and support to strategic corners of the digital asset ecosystem,” said Zane Glauber, Head of Galaxy’s Blockchain Infrastructure team, the unit that oversees the company’s staking and validator services to qualified investors, protocols, and digital asset platforms.
Thorsten Behrens added: “Having worked closely with the talented team at Galaxy, we believe that Galaxy is uniquely positioned to serve as the go-to blockchain infrastructure provider and a leading validator across high-performing blockchains.”
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The post Galaxy Ramps Up Staking Portfolio With CryptoManufaktur’s Ethereum Assets appeared first on NFTgators .
