Crypto-focused finance firm Delio has partnered with Blockdaemon to launch retail-focused staking services, giving clients a extra seamless approach to earn rewards on their digital asset holdings.
Delio’s staking services broaden its present crypto-bank choices, which embody lending, deposits and deposit accounts, the corporate introduced Thursday. The new service providing is powered by blockchain infrastructure supplier Blockdaemon, which gives a collection of institutional staking merchandise.
While Delio didn’t specify which crypto belongings can be included within the new staking services, Blockdaemon presently helps integration with over 60 blockchains. Delio consultant James Jung additionally clarified that the agency additionally plans “to offer quite a lot of crypto asset monetary services for customers outdoors of Korea.”
Founded in 2017, Blockdaemon achieved unicorn status last year after securing $155 million in a Series B funding round. In the startup world, a unicorn is a company that achieves a valuation of $1 billion or more. At the time, Blockdaemon was valued at just over $1.25 billion.
Related: All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger
Meanwhile, Delio appears to be expanding its crypto-finance offerings after receiving a Virtual Asset Service Provider (VASP) license from the Korean Financial Intelligence Unit. Delio claims to be the first crypto company in South Korea to obtain a VASP for lending and deposit services.
The fifth annual Korea Blockchain Week kicked off on Sunday, with greater than 7,000 individuals attending Asia’s largest blockchain occasion of 2022.
Cointelegraph has been on the occasion, and we now have all of the highlights for you. Bookmark this thread ! #KWB2022 pic.twitter.com/gCuXN2TlRf
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Despite market turmoil and controversy surrounding the collapse of the Terra ecosystem, Korea stays a big and essential participant within the world crypto area. As such, President Yoon Suk-yeol, who took workplace this previous May, has adopted a good strategy towards digital asset regulation within the nation. As reported by Cointelegraph, Korea’s monetary watchdog is wanting to expedite the evaluation of 13 crypto-focused payments tabled to the nation’s National Assembly.