Blockdaemon Acquires Crypto On-Ramp Company Gem
Summary
LOS ANGELES--(BUSINESS WIRE)--Blockdaemon, the leading institutional-grade blockchain infrastructure company for node management and staking, today announced it has acquired Gem, a leading cryptocurrency API company with a fiat-to-crypto on-ramp and a comprehensive trade data aggregation service for tracking crypto investments from a single location. Blockdaemon will be integrating Gem’s robust, embeddable UI flows and API, which will enable users to seamlessly purchase over 40 cryptocurrencies from 125 countries through the company’s Onramp service. As part of the deal, Blockdaemon will take advantage of all of Gem’s flagship products including its Onramp solution, its Connect API, its KYC Passport, and more. “Our united teams and products will be a formidable combination to serve both institutional and retail users of cryptocurrency.” Galaxy Digital Partners LLC is serving as the exclusive financial advisor and Cooley LLP is acting as legal advisor to Blockdaemon. Supporting 50+ cutting edge blockchain networks in the cloud and on bare metal servers globally, Blockdaemon is used by exchanges, custodians, crypto platforms, financial institutions and developers to connect commercial stakeholders to blockchains.