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Delio and Blockdaemon partner up to launch retail staking services

Delio and Blockdaemon partner up to launch retail staking services
Delio and Blockdaemon partner up to launch retail staking services

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Delio, a crypto-focused financial services business, has teamed up with Blockdaemon to release retail-focused scoping services, allowing customers to receive benefits on their virtual financial assets more consistently.

According to the firm’s announcement on Thursday, Delio’s scoping services complement its established crypto-bank selections, which incorporate borrowing, investments, and cash deposits. The innovative service is fueled by Blockdaemon, a distributed ledgers infrastructure supplier that offers a package of organizational staking goods.

Whereas Delio did not disclose which the latest staking solutions would support virtual currency assets, Blockdaemon provides assimilation with more than 60 blockchain systems. Delio spokesperson James Jung stated that the company intends to provide customers with a wide range of digital currency asset financial services beyond Korea.

Blockdaemon, established in 2017, accomplished unicorn status this past year after raising $155M during a Series B financing session. A unicorn inside the tech space is a business with a $1B or more pricing. Blockdaemon has been prized at only over $1.25B at that point.

Blockdaemon’s founding father and Chief executive, Konstantin Richter, stated at the time that the financial infusion would be employed to broaden DeFi facilities and close the gap between virtual currencies and conventional banking. The business has nearly doubled its controlled node number to 18,000 in the last 90 days.

Blockchain connectivity providers’ market values have risen due to widespread and organizational interest in virtual currencies. Blockstream, a Canadian Bitcoin connectivity provider, closed a $210 million equity session in August last year, bringing its overall asset value to a total of $3.2 billion. Following that official statement, the company announced a collaboration with a significant Australian financial institution to build a new carbon-neutral extraction facility.

Korea is a promising market for crypto.

In the meantime, Delio seems to be broadening its crypto-finance selections after being granted a VASP license by Korea’s Financial Intelligence Bureau. Delio asserts to be South Korea’s first virtual currency corporation to acquire a VASP for deposit and lending systems.

Notwithstanding the market volatility and controversies surrounding the Terra environment’s demise, Korea is still a significant and influential player in the worldwide crypto realm. As a result, President Yoon Suk-yeol, who came into office last May, has taken a favorable stance on virtual asset legislation in the nation. Korea’s economic watchdog wants to speed up the examination of 13 crypto-related bills introduced in the nation’s National Assembly.

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