Blockdaemon, the leading institutional-grade blockchain infrastructure company, has entered into a binding agreement to acquire expand.network, a leading API provider that streamlines institutional and wallet provider access to DeFi and on-chain financial activities.

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expand.network will further facilitate Blockdaemon’s ability to connect businesses to blockchains with one integration. This milestone will mark Blockdaemon’s fifth successful acquisition, following Sepior, Gem, Anyblock Analytics, and Lunie.

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expand.network addresses the challenge of connecting in web3. expand.network provides a single, integrated, abstracted API that allows institutions, wallet providers, and other digital asset participants to connect across multiple ecosystems with minimal effort.

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expand.network serves as an outsourced infrastructure and scaling partner for on-chain operations, providing a comprehensive solution that simplifies connectivity across multiple chains and protocols. Supporting the entire trading lifecycle - from pre-trade analysis and execution to post-trade reconciliation - expand.network’s unified API offers differentiated on-chain data including high-quality decentralized exchange (DEX) pricing data, comprehensive data for wallets and liquidity pool analytics and other protocol pricing data. Its feature set includes trade decoding, compliance checks, and tools for swaps, and managing liquidity across DEXs, staking protocols, and lending platforms. With a modular architecture, expand.network unlocks operational efficiency for institutions to scale in DeFi. 

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A diverse roster of clients, ranging from wallet providers and DeFi prime brokers to blockchain analytics firms, accounting firms, and asset managers, relies on expand.network. 

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“We are excited to welcome expand.network’s team and technology,” said Konstantin Richter, Founder and CEO of Blockdaemon. “Their approach to simplifying Web3 connectivity aligns perfectly with our mission to provide institutional partners with seamless blockchain integration. This acquisition enhances our ability to offer a comprehensive suite of solutions in a rapidly evolving market. With institutions increasingly exploring DeFi, Blockdaemon is strategically positioned to support and accelerate this shift.”

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“We built expand.network to remove barriers to institutional on-chain adoption by providing scalable infrastructure for the next era of DeFi. Joining forces with Blockdaemon supercharges our mission, empowering institutional builders to accelerate on-chain innovation through a single abstracted API. As DeFi gains momentum, we’re excited to collaborate with the Blockdaemon team to drive more DeFi initiatives forward,” said Demetrios Skalkotos, expand.network CEO and Co-founder.

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Blockdaemon now adds further value to clients with a complete, unified API for transacting in DeFi & sourcing on-chain data, complementing Blockdaemon’s suite of institutional blockchain infrastructure via a total ‘node stack’ designed to transform any business into a blockchain business by offering the tools to enable firms to start, grow and scale their crypto products and services.