Blockdaemon Secures $110B in Digital Assets with Cosmos Partnership
Blockdaemon, a leading provider of institutional blockchain infrastructure, has partnered with Cosmos, a decentralized network that enables communication between different blockchains. This partnership has secured over $110 billion in digital assets for more than 400 institutional customers, making it a significant milestone in the industry.
The partnership aims to enhance blockchain infrastructure for financial institutions, particularly in areas such as staking, nodes, APIs, and wallets. This move is part of the Cosmos Partner Network's first cohort, which targets the growing need for robust infrastructure to support the evolving landscape of digital assets.
Cosmos is known for its interchain capabilities, which facilitate a decentralized network that allows different blockchains to communicate with one another. This makes it an ideal partner for enhancing blockchain services, particularly in the context of institutional adoption.