Korean Crypto Bank Partners with Blockdaemon to Offer Retail Staking Services
In January, Delio obtained Virtual Asset Service Provider (VASP) approval from Korea's Financial Intelligence Unit.
New
Crypto-focused finance company Delio has partnered with Blockdaemon to launch retail-focused staking services, giving customers a more transparent way to earn rewards on their digital assets.
>Delio's staking services expands its existing crypto banking offerings, which include loans, deposits and custodial accounts, the company announced Thursday. The new service offering is powered by blockchain infrastructure provider Blockdaemon, which provides a suite of institutional staking products.
Although Delio did not specify which crypto assets will be included in the new staking services, Blockdaemon currently supports integration with over 60 blockchains. Delio representative James Jung also clarified that the company also plans “to offer a variety of crypto asset financial services for users outside of Korea.”
Founded in 2017, Blockdaemon achieved unicorn status last year after securing $155 million in a Series B funding round. 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 depository services.
Hello, Seoul!
The fifth annual Korea Blockchain Week kicked off on Sunday, with over 7,000 people attending Asia's largest blockchain event,...
In January, Delio obtained Virtual Asset Service Provider (VASP) approval from Korea's Financial Intelligence Unit.
New
Crypto-focused finance company Delio has partnered with Blockdaemon to launch retail-focused staking services, giving customers a more transparent way to earn rewards on their digital assets.
>Delio's staking services expands its existing crypto banking offerings, which include loans, deposits and custodial accounts, the company announced Thursday. The new service offering is powered by blockchain infrastructure provider Blockdaemon, which provides a suite of institutional staking products.
Although Delio did not specify which crypto assets will be included in the new staking services, Blockdaemon currently supports integration with over 60 blockchains. Delio representative James Jung also clarified that the company also plans “to offer a variety of crypto asset financial services for users outside of Korea.”
Founded in 2017, Blockdaemon achieved unicorn status last year after securing $155 million in a Series B funding round. 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 depository services.
Hello, Seoul!
The fifth annual Korea Blockchain Week kicked off on Sunday, with over 7,000 people attending Asia's largest blockchain event,...
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