Blockdaemon and a Korean cryptocurrency bank team up to provide retail staking services

Blockdaemon and a Korean cryptocurrency bank team up to provide retail staking services

Delio, a finance company with a focus on cryptocurrencies, has partnered with Blockdaemon to introduce retail-focused staking services, giving users a more hands-on way to receive rewards for their digital assets.

The new staking services would interact with more than 60 blockchains, though Delio did not specify which digital assets will be supported. The startup also plans to “provide a variety of crypto-asset financial services to people outside of Korea,” said Delio spokesman James Jung.

The company said Thursday that Delio’s strike services are strengthening its existing crypto banking business, which already includes loans, deposits and deposit accounts. Blockdaemon, a provider of blockchain infrastructure and a range of institutional staking products, is supporting the new service offering.

Founded in 2017, Blockdaemon became a unicorn last year after raising $155 million in a Series B fundraising round. A startup that receives a valuation of $1 billion or more is considered a unicorn in the startup sector. Blockdaemon was valued at just over $1.25 billion at the time.

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