Blockdaemon Acquires Crypto Onramp Company Gem

Leading blockchain infrastructure platform Blockdaemon has acquired crypto on-ramp company Gem for undisclosed terms.

The Blockdaemon blockchain node infrastructure allows users to stake, scale and deploy nodes with institutional-grade security and monitoring. The platform supports more than 50 blockchain networks and is primarily used by exchanges, custodians, crypto platforms and financial institutions. Crypto on-ramps are often “bad and poor products,” said Richter, but a good on-ramp offers a new source of transaction-based revenue.funding round earlier this year at a $3.25 billion valuation.

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