Blockdaemon
Blockdaemon provides institutional-grade blockchain infrastructure — node clusters, MPC custody, staking, DeFi connectivity, and data APIs — to 400+ banks, custodians, asset managers, and fintechs, securing $110B+ in digital assets across 70+ protocols.
- Company typePrivate
- Founded2017
- HeadquartersLos Angeles, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Blockdaemon does
Blockdaemon is a privately held blockchain infrastructure provider founded in 2017 and headquartered in Los Angeles. It delivers institutional-grade digital-asset infrastructure to more than 400 banks, custodians, exchanges, asset managers, and fintechs, securing $110B+ in digital assets across 70+ blockchain protocols. The platform is organized around four service pillars: Transaction Services (Institutional Vault, Builder Vault, and Enterprise KMS — MPC-based wallet and key-management products supporting on-premise deployment and AWS Nitro Enclave isolation), Data Services (RPC API, Data Indexer, Event Streaming, and Reporting APIs), Infrastructure Services (dedicated Node Clusters, On-Chain Intelligence, and Asset Issuance/tokenization), and Staking & Earn (centered on the Earn Stack platform, which combines dedicated validators, a no-code white-label Earn Widget, unified SDKs/APIs, and direct DeFi integrations with Aave as exclusive primary lending provider and Morpho/Gauntlet vaults).
The underlying technology stack spans multi-cloud, multi-region deployments across AWS, Google Cloud, and bare metal, with Sepior-derived multiparty computation for key management and Obol distributed validator technology for staking resilience. Compliance posture is built around ISO 27001, SOC 2 (Non-CPA), OFAC, and NORS (co-authored with Coinbase, Galaxy, and Figment). Revenue is generated through a mix of subscription fees billed via the Marketplace, usage-based node and API consumption fees, staking/Earn performance and swap fees, and custom enterprise MSAs for Tier-1 institutions, with a freemium tier for account holders. Distribution combines a direct enterprise field-sales motion, an API/developer self-serve channel, an embeddable widget/white-label OEM channel, and institutional reseller/partner relationships (Taurus, Fireblocks, BitGo, HashiCorp, HashKey) that reach banks such as State Street, UBS, and Santander.
Since its $155M Series B (SoftBank Vision Fund 2, December 2021) and $207M Series C at a $3.25B post-money valuation (Sapphire and Tiger Global, January 2022), the company has executed the Sepior and expand.network acquisitions, launched Earn Stack, appointed a new Chief Product Officer, and is exploring a 2026 Hong Kong IPO under Chapter 18C. Customer concentration spans marquee Tier-1 names (BNY, Goldman Sachs, DTCC, Visa, Citi, JP Morgan, Apollo, Fidelity, Coinbase, Circle, PayPal, Microsoft) alongside crypto-native custodians and a broad venture-fund client base, indicating institutional reach that few crypto-infrastructure peers can match.
Blockdaemon firmographics
Firmographics- Name
- Blockdaemon
- Legal name
- Blockdaemon, Inc.
- Website
- https://blockdaemon.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Blockdaemon provides institutional-grade blockchain infrastructure — node clusters, MPC custody, staking, DeFi connectivity, and data APIs — to 400+ banks, custodians, asset managers, and fintechs, securing $110B+ in digital assets across 70+ protocols.
- Ownership category
- akta.pro rank
Where Blockdaemon is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Blockdaemon business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales, Others
Revenue model
- Subscription Fees (Paid Services): Recurring paid subscriptions billed through the Marketplace via Stripe (USD), with Billing Cycles (weekly, monthly, bi-monthly, annual, multi-year) and free trials. Customers can upgrade/downgrade with proration.
- Usage-Based Node & API Fees: Compute units, RPC API calls, dedicated nodes, and event streaming billed based on consumption and enterprise SLAs.
- Staking & Earn Performance Fees: Earn Stack generates yield via validators, DeFi vaults (Aave, Morpho/Gauntlet), liquid staking and swaps; take-rate/fee extraction enabled on widget swaps.
- Enterprise Master Service Agreements (MSAs): Custom services for Tier-1 institutions delivered under separate Order Forms and MSAs, including tokenization, stablecoin infrastructure, and on-prem deployments.
- Free / Freemium Services: Select free services available to Blockdaemon Account holders in good standing (free Service Listings).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise subscription / MSA with custom quote-based pricing, plus free Service Listings for account holders in good standing. |
| Usage-based | Pay-as-you-go | Usage-based node and API consumption (RPC, dedicated nodes, events, compute units). |
| Freemium | Monthly | Free Services tier for Blockdaemon Account holders in good standing. |
| Hybrid | Pay-as-you-go | Earn Stack widget and staking/DeFi APIs with optional fee extraction on swaps. |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels8 records
Blockdaemon product offering
Product offeringCore offering
Blockdaemon operates a unified institutional digital asset platform delivering blockchain node and validator infrastructure, MPC-based custody wallets (Institutional Vault, Builder Vault, Enterprise KMS), a staking and DeFi yield platform (Earn Stack), and a suite of unified data APIs across 70+ blockchain protocols. The platform serves 400+ institutions (banks, custodians, exchanges, asset managers, payment processors) and secures $110B+ in digital assets, with on-premise deployment, ISO 27001 / SOC 2 / NORS compliance, and white-label/embeddable widget distribution.
Product overview
Blockdaemon operates a unified institutional digital asset platform built for financial institutions, organized around four primary service pillars: Transaction Services (Institutional Vault MPC wallet, Builder Vault for custom web3 wallets, and Enterprise KMS for enterprise key custody), Data Services (RPC API, Data Indexer, Event Streaming, and Reporting APIs), Infrastructure Services (Node Clusters/Dedicated Nodes, On-Chain Intelligence, and Asset Issuance/Tokenization), and Staking & Earn (centered on the Earn Stack platform). The Earn Stack serves as the core yield-generation offering, combining dedicated validators, the white-label Earn Widget for codeless deployment, unified SDKs/APIs, and direct DeFi protocol integrations (Aave as exclusive primary lending provider, Morpho vaults curated by Gauntlet). Underlying these layers, Blockdaemon supports 70+ blockchain protocols with multi-cloud infrastructure, holding SOC 2 and ISO 27001 certifications and NORS/OFAC compliance, and managing over $110 billion in assets secured for 400+ institutions. The Sepior MPC and expand.network acquisitions extend the platform's key management and DeFi connectivity capabilities respectively.
Differentiator
Problem solved
Functional benefit
Brands
- Earn Stack: A unified on-chain earn solution for institutions combining staking, swaps, and DeFi yield strategies; offered as a codeless widget, SDK, and APIs.
- Institutional Vault
- Builder Vault
- Enterprise KMS
Products and services
- Earn Stack A complete on-chain earn solution combining dedicated validators, a white-label Earn Widget for codeless deployment, unified SDKs/APIs, and direct DeFi protocol integrations (Aave as exclusive primary lending provider). Supports institutional staking for 35+ assets, instant token swaps with zero slippage, and automated yield strategies across vetted DeFi protocols.
- Institutional Vault Self-hosted MPC wallet for institutional hot and cold storage, providing distributed key generation, policy-driven controls, and secure digital asset custody. Supports Canton Coin custody for tokenization and treasury management.
- Builder Vault
- Enterprise KMS
- RPC API
- DeFi API
- Data Indexer
- Event Streaming
- Reporting APIs
- Node Clusters (Dedicated Nodes)
- Asset Issuance
- Staking APIs
- Staking App
- Validators
- Wallet Transact
Quantifiable outcome
- $110B+ in digital assets secured for institutional clients
- +5 more outcomes
Companies that use Blockdaemon
Customer profileNamed customers37 records
Segments7 records
Ideal customer profiles6 records
Blockdaemon technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration18 records
Feature9 records
Blockdaemon partnerships and signals
Strategic signalPartnerships
19 partnerships are on record, tiered core, flagship and minor.
- Hyperion DeFicoreHyperion DeFi (NASDAQ: HYPD) partnered with Blockdaemon to expand Hyperliquid staking infrastructure through the Kinetiq x Hyperion Validator. The deal gives Blockdaemon a production-ready path to serve institutional staking demand on Hyperliquid, while Hyperion DeFi adds infrastructure to its public-market strategy centered on HYPE exposure and staking yield.
- FireblocksflagshipBlockdaemon was added as a new provider alongside P2P.org and MAVAN on Fireblocks' ETH Staking Link, a standardized interface simplifying institutional Ethereum staking integrations via consistent rails.
- Avalanche FoundationflagshipBlockdaemon launched enterprise-grade validators for institutional staking on the Avalanche blockchain in partnership with the Avalanche Foundation, designed for organizations managing corporate-scale workloads.
- TaurusflagshipTaurus (Deutsche Bank-backed Swiss digital-asset infrastructure provider) and Blockdaemon partnered to integrate institutional-grade staking services into the Taurus platform, enabling clients including State Street, UBS, and Santander to stake digital assets and earn rewards while meeting regulatory and operational standards.
- VerifiedX (VFX)flagshipStrategic partnership to bring scalable DeFi access globally. Blockdaemon's institutional infrastructure (staking, nodes, liquidity tools) integrates into VerifiedX's VFX SwitchBlade Wallet and Butterfly social payment platform, with cross-chain liquidity tools and planned institutional access through banks and fintechs.
- IDXcoreCollaboration to launch an institutional gateway for DeFi yields, pairing Blockdaemon's institutional staking/DeFi infrastructure with IDX's market access.
- Canton NetworkflagshipBlockdaemon expanded support for the Canton Network by integrating Canton Coin into its Institutional Vault, enabling institutions to securely receive, store, and transfer Canton Coin to support tokenization and treasury management.
- Midnight FoundationflagshipBlockdaemon is a federated node operator for the Midnight privacy-focused blockchain. The integration partnership simplifies privacy-preserving blockchain development using Midnight's zero-knowledge architecture, providing enterprise clients easier access to privacy tools while maintaining security, compliance, and scalability.
- Polkadot Capital GroupcoreStrategic collaboration to accelerate institutional digital asset adoption, including webinars and education programs to help institutions securely engage with the Polkadot ecosystem and Web3.
- Aave LabsflagshipStrategic partnership announced October 9, 2025, making Aave the exclusive primary lending provider for Blockdaemon's Earn Stack. Institutional clients gain access to over $70B in DeFi liquidity through Aave Vaults spanning Bitcoin, Ethereum, stablecoins, and tokenized real-world assets.
- ObolcorePartnership to integrate Obol distributed validators into Blockdaemon's staking infrastructure, adding Distributed Validator Technology (DVT) to its institutional staking stack.
- expand.networkflagshipBlockdaemon acquired expand.network (announced March 19, 2025) to bring institutional access to on-chain trading via DeFi APIs; deal valued in the double-digit millions of dollars.
- HashiCorpcoreIntegration partnership: Blockdaemon Builder Vault to integrate for use with HashiCorp Vault, leveraging MPC technology to enable secure enterprise key custody alongside HashiCorp's secrets-management stack.
- Coinbase (NORS co-author)coreCoinbase, Blockdaemon, Galaxy, and Figment jointly introduced the Node Operator Risk Standard (NORS) certification for Ethereum node operators, codifying industry-wide standards for risk management.
- Galaxy (NORS co-author)coreCo-author alongside Coinbase, Blockdaemon, and Figment of the Node Operator Risk Standard (NORS) for Ethereum node operators.
- Figment (NORS co-author)coreCo-author alongside Coinbase, Blockdaemon, and Galaxy of the Node Operator Risk Standard (NORS) for Ethereum node operators.
- Haven1minorHaven1 boosted decentralization by partnering with Blockdaemon for node operation/infrastructure support on its blockchain network.
- Sepior ApSflagshipBlockdaemon acquired Sepior (July 2022) to add cryptographic key management and multiparty computation (MPC) technology to its institutional infrastructure. Sepior ApS contributed ~$33M of the related Series/security offering documented on SEC Form D (August 2022).
- StakeWiseflagshipCollaboration to offer DeFi services for institutions, including the StakeWise Pectra Upgrade co-developed with Blockdaemon for Ethereum staking innovation. Blockdaemon supports StakeWise vaults across Ethereum staking flows.
Scale indicators11 records
Recent moves7 records
Expansion highlights7 records
Blockdaemon competitors and assessment
Company assessmentDirect peers
- Figment: Institutional-grade blockchain infrastructure provider operating validators, staking and node services across 50+ protocols. Directly competes with Blockdaemon's core node-cluster and Earn Stack offerings and is co-author with Blockdaemon of the NORS standard.
- Coinbase Cloud (formerly Bison Trails): Coinbase's institutional infrastructure arm providing dedicated nodes, staking APIs and validator services across major protocols. Overlaps directly with Blockdaemon's node clusters, staking APIs and Earn Stack and is co-author of NORS.
- Fireblocks: Institutional digital asset custody, settlement and staking platform. Competes with Institutional Vault/Enterprise KMS on custody and is also a distribution channel (Fireblocks ETH Staking Link) that lists Blockdaemon alongside other providers.
- Anchorage Digital: Federally chartered qualified custodian offering institutional custody, staking and governance. Overlaps with Blockdaemon's MPC custody products and validator services for institutional digital asset clients.
- BitGo: Qualified custodian and institutional staking provider integrating with Blockdaemon's Staking API for ETH. Competes on custody and staking rails and is a named Blockdaemon partner, making it both a channel and a peer.
- Alchemy: Developer-focused blockchain API and node platform serving institutional and Web3 builders. Directly competes with Blockdaemon's RPC API, Data Indexer and event streaming products across Ethereum and major L1s/L2s.
- Infura (Consensys): Web3 infrastructure provider (part of Consensys) offering RPC endpoints, APIs and node services. Competes with Blockdaemon's RPC API and Node Clusters across Ethereum and leading protocols.
- P2P.org: Non-custodial staking and validator services provider for institutional clients across 30+ networks. Competes head-on with Blockdaemon's Earn Stack and validators, and is co-listed on Fireblocks ETH Staking Link.
Broad incumbents
- Galaxy Digital: Diversified crypto financial services firm offering trading, asset management and institutional staking/node infrastructure. Competes with Blockdaemon on staking and is co-author of NORS.
Emerging players
- Kiln: Enterprise-grade staking-as-a-service and validator infrastructure provider with API-first positioning. Directly competes with Blockdaemon's Staking APIs and validator offering, and is also a Fireblocks Staking Link partner.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Blockdaemon social profiles
Digital presenceBlockdaemon compliance and trust
Trust signalCompliance4 records
Blockdaemon financial estimates
Financial estimateRevenue estimate
Valuation estimate
Blockdaemon leadership team
Management profileNumber of profiles
Profiles2 records
Blockdaemon subsidiaries and ownership
Company hierarchySubsidiaries2 records
Blockdaemon funding detail
Funding detailFunding overview
Funding rounds10 records
Investors46 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Blockdaemon M&A and investment
M&A and investmentM&A5 records
Investments15 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Blockdaemon
What does Blockdaemon do?
Blockdaemon operates a unified institutional digital asset platform delivering blockchain node and validator infrastructure, MPC-based custody wallets (Institutional Vault, Builder Vault, Enterprise KMS), a staking and DeFi yield platform (Earn Stack), and a suite of unified data APIs across 70+ blockchain protocols. The platform serves 400+ institutions (banks, custodians, exchanges, asset managers, payment processors) and secures $110B+ in digital assets, with on-premise deployment, ISO 27001 / SOC 2 / NORS compliance, and white-label/embeddable widget distribution.
Is Blockdaemon a public or private company?
Blockdaemon is a private company. It is classified as venture growth investor backed and is currently operating.
When was Blockdaemon founded?
Blockdaemon was founded in 2017. It employs 101 to 250 people.
Where is Blockdaemon based?
Blockdaemon is headquartered in Los Angeles, United States, in the North America region.
How does Blockdaemon make money?
Five revenue lines are on record. Subscription Fees (Paid Services) is the primary driver. The others are usage-Based Node & API Fees, staking & Earn Performance Fees, enterprise Master Service Agreements (MSAs) and free / Freemium Services.
Who are Blockdaemon's main competitors?
Direct peers on record are Figment, Coinbase Cloud (formerly Bison Trails), Fireblocks, Anchorage Digital, BitGo, Alchemy, Infura (Consensys) and P2P.org. Galaxy Digital is listed as a broad incumbent. Kiln is listed as an emerging player.
Does Blockdaemon have an API?
Yes. Blockdaemon exposes a suite of institutional-grade public REST APIs covering blockchain infrastructure and digital asset operations: RPC API (production-ready endpoints for high-volume applications), DeFi API (lending/borrowing via Aave and Morpho vaults, cross-chain and same-chain swaps), Staking APIs (programmatic access across leading PoS protocols), Wallet Transact API, Chain Watch (event streaming), Reporting APIs (audit-ready rewards and analytics), and the Earn Stack SDK/API for staking, DeFi, and reporting. The documentation covers authentication, rate limits, pagination, error handling, business verification (KYB), GraphQL queries on Ethereum nodes, and WebSocket support for nodes. Authentication is API-key based, with a sandbox and per-key rate limits. Blockdaemon also publishes widget embed guides with postMessage wallet integration contracts and supports EIP-5792 and EIP-7702 batch transaction standards. Developer documentation is at docs.blockdaemon.com.