Konstantin Richter, CEO of Blockdaemon, recently discussed the firm’s pivotal role in connecting institutions to crypto networks in an interview with Roundtable anchor Rob Nelson.
Blockdaemon, recognized as the world’s largest operator of nodes, manages a staggering 185,000 nodes that facilitate bitcoin transactions and support various crypto activities for institutional clients. Richter emphasized their core focus on providing essential infrastructure services to institutions rather than retail users. Major entities like Coinbase, Binance, JP Morgan, and Goldman Sachs rely on Blockdaemon for critical services such as wallet architecture, transaction networks, and staking.
Addressing the potential expansion into retail markets, Richter affirmed Blockdaemon’s steadfast commitment to B2B services. He underscored their dominant position in the institutional sector, boasting a market share ranging from 50% to 70%. Richter also highlighted Blockdaemon’s strategic client segmentation, catering to exchanges, custodians, traditional finance, and fintech companies.
Moreover, Blockdaemon has forged significant partnerships with global banking giants such as Goldman Sachs, Citibank, and JP Morgan, who are not only clients but major shareholders in the company. They also collaborate closely with fintech leaders including PayPal, Robinhood, Microsoft, Google, Fidelity, and Bank of New York.
Richter proudly noted, “We’re the only crypto company with three of the top 10 global banks as major shareholders,” underscoring Blockdaemon’s unique position and influence in the industry.
Blockdaemon’s unwavering focus on providing robust blockchain infrastructure underscores its pivotal role in supporting the institutional adoption of cryptocurrency and blockchain technologies globally.
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