Goldman Sachs Makes Move Into Blockchain With Latest Investment In Crypto Staking Platform Blockdaemon
Goldman Sachs Group Inc. (NYSE:GS) participated in the $28 million Series A funding round of Blockdaemon a company that provides crypto staking and blockchain node management infrastructure.
What Happened: According to a Wednesday The Block report, Blockdaemon s funding round was led by Greenspring Associates, with participation from Goldman Sachs, BlockFi, Voyager Digital, Uphold, and others.
This round pushes the enterprise s total funding to date to about $40 million.
Goldman Sachs invested $5 million in the company and will join it as a board observer, according to the firm s founder and CEO Konstantin Richter.