Blockdaemon Greenlit by ADGM, Paving the Way for UAE Expansion
Strategy
ABU DHABI, UAE, May 13, 2024 /PRNewswire/ -- Blockdaemon, the
leading institutional-grade blockchain infrastructure company,
announced today it is further expanding its presence in the UAE,
including setting up an office and establishing an entity in
Abu Dhabi under Registration
Authority of Abu Dhabi Global Market (ADGM).
The expansion to operate and provide Web3 infrastructure
solutions in the UAE will include making available its node and
validator infrastructure solutions locally, as well as their
self-hosted MPC wallet technology.
"This marks a significant stride for Blockdaemon in bolstering
its presence in the UAE and deepening our partnership with local
regulators and clients," said Amor
Sexton, COO of Blockdaemon. "With Blockdaemon receiving
approval from the Registration Authority of ADGM, we are not only
solidifying our foothold in the region as the leading Web3
infrastructure provider but also affirming our commitment to
supporting institutions with blockchain infrastructure. This
approval underscores our dedication to operating with integrity and
trustworthiness."
Konstantin Richter, CEO and Founder
of Blockdaemon commented, "As we continue to expand our operations
and deepen our partnerships across the globe, this milestone paves
the way for greater collaboration and innovation in the UAE's
vibrant blockchain ecosystem. We are excited about the
opportunities ahead and remain steadfast in our mission to empower
businesses and organizations with secure and scalable blockchain
infrastructure solutions."
Arvind Ramamurthy, Chief of
Market Development at ADGM said, "We congratulate Blockdaemon on
receiving their licensing from ADGM to establish their presence in
Abu Dhabi. The decision of a
prominent institutional-grade blockchain infrastructure company to
expand in this region with ADGM underscores the progressive
regulatory environment offered by our international financial
centre, as well as the significant potential and demand within the
blockchain and Web3 sub-cluster and associated services. ADGM has
been a pioneer in creating an ecosystem conducive to the growth and
success of companies like Blockdaemon, and we eagerly anticipate
the opportunities they can unlock within this region."
Blockdaemon was founded by Konstantin
Richter in 2017, to bring institutional-grade infrastructure
to blockchain protocols, crypto native and traditional financial
institutions. Blockdaemon expanded into the Asia-Pacific region in February 2022 and shortly thereafter in
March 2022, expanded to the EMEA
region. This latest announcement follows significant
geographic growth and product innovation at Blockdaemon, with
the Builder Vault utilizing our advanced MPC technology in
June 2022, Blockdaemon Wallet in
April 2023 and Blockdaemon's
Indexed-Data Powered API Suite last march.
About Blockdaemon
Blockdaemon powers the blockchain
economy with its suite of industry-leading infrastructure
solutions. We are a globally established, ISO-27001 certified
partner with extensive protocol coverage, offering technical depth,
industry-leading SLAs, 70+ global points of presence through 10+
cloud and bare metal providers, and 24/7 support for an unmatched
institutional-grade experience. We provide integrated business
solutions to exchanges, custodians, crypto platforms, financial
institutions, and developers using our end-to-end suite of
blockchain tools, including dedicated nodes, APIs, staking, liquid
staking, MPC tech, and more. Blockdaemon provides its customers
with the confidence to quickly and easily scale without
compromising security or compliance.
For more information, please visit https://blockdaemon.com
Media Contact:
Hanna Tantoco
press@blockdaemon.com
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