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Galaxy Digital Acquires CryptoManufaktur to Boost Ethereum Staking and Blockchain Infrastructure

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Nicholas Edwards is a passionate writer with a keen interest in sports and business news. With a knack for delivering insightful and engaging content, Nicholas keeps his finger on the pulse of the latest developments in these dynamic fields. His enthusiasm for both sports and business shines through in his writing, making complex topics accessible to a wide audience. Whether it's dissecting the latest game-changing play or analyzing market trends, Nicholas brings a fresh perspective and a wealth of knowledge to his articles. Email @ admin@bollywoodfever.co.in

Galaxy Digital expands its Ethereum staking and blockchain infrastructure capabilities by acquiring CryptoManufaktur, increasing its ether assets under stake from $2.3 billion to $3.3 billion.

Bollywood Fever: Publicly traded crypto financial services company Galaxy Digital has acquired “substantially all” of the assets of blockchain node operator CryptoManufaktur. This acquisition significantly enhances Galaxy Digital’s role in Ethereum staking, increasing its ether assets under stake from approximately $2.3 billion to $3.3 billion, according to a statement shared with The Block.

The deal, which is part of a broader plan to bolster Galaxy Digital’s blockchain infrastructure, adds to the firm’s existing crypto trading and investment management businesses. The terms of the acquisition were not disclosed.

Galaxy Digital Acquires CryptoManufaktur to Boost Ethereum Staking and Blockchain Infrastructure

“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, Galaxy’s head of blockchain infrastructure. “Our acquisition of CryptoManufaktur is an important milestone that significantly enhances our position as a leading technical partner to protocols and builders.”

As part of the deal, CryptoManufaktur’s three-person engineering team, including founder Thorsten Behrens, will join Galaxy’s blockchain infrastructure team. They will help develop the firm’s staking and blockchain validator services for qualified investors, protocols, and digital asset platforms.

“We believe that Galaxy is uniquely positioned to serve as the go-to blockchain infrastructure provider and a leading validator across high-performing blockchains,” Behrens said. “We look forward to joining the team and scaling our combined operations.”

Founded in 2020, CryptoManufaktur initially focused on core infrastructure for Chainlink’s price feeds. It later expanded to run automated, secure Ethereum proof-of-stake node deployments and provided infrastructure for other blockchains such as Polygon and Optimism.

This acquisition underscores Galaxy Digital’s commitment to expanding its footprint in the blockchain infrastructure space, positioning itself as a major player in the digital asset ecosystem.


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