Goldman Sachs has sponsored a $ 28 million Series A funding round for blockchain infrastructure company Blockdaemon.
Funding was directed by Greenspring partner and included the involvement of the cryptocurrency lending company, BlockFi, and the crypto asset broker, Voyager Digital Ltd, along with a $ 5 million investment from Goldman Sachs.
Goldman Sachs is an American multinational investment bank with net assets of $ 131 billion. The banking giant seems to have been paying a lot of attention to cryptocurrencies lately. In May, Goldman led a $ 15 million investment round in blockchain analytics firm Coin Metrics. Yes also started trading Bitcoin derivatives for institutional clients in the same month.
Blockdaemon offers institutional customers such as Goldman Sachs a node and staking infrastructure. According to the company, the company has averaged more than $ 5 billion in locked assets over the past 12 months and predicts that number will hit more than $ 50 billion by the end of 2021.
The company offers institutional clients engagements in networks such as ETH 2.0, Bitcoin, Polkadot and various protocols like Dfinity Yes Near via the block daemon marketplace.
According to an announcement dated June 8th Blockdaemon will use the funding to expand the services of the node infrastructure and attract new employees and developers. Oli Harris, Goldman Sachs, Head of Digital Assets in North America, said:
“We are excited to work with them as they continue to bring blockchain technology at the institutional level to anyone who wants to use it.”
Although the investment bank is approaching cryptocurrencies through expanded investments and services, the company has taken an ambiguous approach to cryptocurrencies in the media.
Cointelegraph reported on June 8 that Goldman Sachs released a survey that found that Bitcoin was the least popular asset class among 25 hedge fund CIOs in Asia.
Earlier this month Jeff Currie, global director of natural resources research at Goldman Sachs, denied claims that Bitcoin was “digital gold” after describing Bitcoin as a copper-like “high risk” asset.
In May, however, the Goldman Sachs analyst did Will Nance stated that investing in Coinbase shares is the best way to get active in the crypto market and avoid its volatility after the recent crash.