Blockdaemon

Blockdaemon is an institutional blockchain infrastructure platform founded in 2017 by Konstantin Richter and Arunram Kalaiselvan. Positioned as the institutional operating system for on-chain finance, the company provides the technical backbone that banks, custodians, asset managers, and fintech firms need to access blockchain networks at production scale without building and maintaining the underlying infrastructure themselves.

The Problem

When Richter began building in 2017, running even a single Ethereum node was frustratingly complex, and the tooling that financial institutions needed to participate safely in blockchain markets simply did not exist. Enterprise requirements — high availability, compliance-ready custody, audit trails, slashing protection, and on-premises deployment — were out of reach for any organization that was not a native crypto firm willing to build everything from scratch. Blockdaemon's answer was to abstract that complexity entirely: rather than institutions managing their own validators, API connections, and cryptographic key systems, Blockdaemon handles the infrastructure layer and exposes clean, regulated-ready interfaces.

Core Product Suite

Blockdaemon organizes its offering into four interconnected service lines.

Transaction Services cover the custody and key management layer. Institutional Vault is a self-hosted MPC (multi-party computation) wallet solution that keeps signing keys distributed across parties, eliminating single points of compromise. Builder Vault extends that MPC technology into a toolkit for third parties building their own web3 wallet products. Enterprise KMS adds governance controls — approval workflows, multi-signature policies, and access segmentation suited to regulated operations.

Data Services give clients on-chain connectivity. Blockdaemon operates node clusters across 70-plus global points of presence, providing low-latency RPC API access to major networks. A Unified API aggregates data across multiple chains in a consistent format. A DeFi API surfaces liquidity and routing data from decentralized protocols. Chain Watch delivers real-time event streaming and transaction notifications for operations and compliance teams.

Staking and Earn is the yield layer. The Staking API lets institutions programmatically create validators, submit delegation transactions, and retrieve epoch-level reward reports. In mid-2025 the company introduced the Earn Stack — a product that bundles staking services for more than 50 protocols with integrated DeFi capabilities through a no-code widget, unified SDK, and a DeFi Connect aggregator that surfaces liquidity from exchanges and bridges. Slashing protection covering 100% of staked assets is built in for institutional risk management. The Earn Stack enables wallet providers, custodians, and fintechs to offer earn products to their own customers without operating any underlying infrastructure.

Infrastructure Services cover raw node and validator operations — deploying, monitoring, and maintaining dedicated infrastructure so clients get predictable uptime without validator management overhead.

Scale

Blockdaemon has secured more than $110 billion in digital assets and processed over 100 billion on-chain requests. The platform has launched more than 250,000 nodes and holds more than $10 billion staked on its validators. It serves over 400 institutional customers across 80-plus blockchain protocols.

Security and Compliance

The platform carries ISO 27001 certification and SOC 2 compliance — standard checkboxes for institutions whose own regulators will audit their third-party technology stack. MPC wallet architecture keeps private keys distributed so no single party or server ever holds a complete key. Blockdaemon also holds NORS (Node Operator Reliability Standard) certification for its Ethereum validator operations and applies OFAC compliance tooling across transaction services. On-premises deployment options are available for institutions that cannot rely on cloud-hosted infrastructure.

In July 2026, Blockdaemon and MPCH launched a joint security stack for the Canton Network, combining Blockdaemon's MPC Wallet and Transaction Services Gateway with MPCH's Stronghold-KMS for node-level key security — an example of the company extending its security architecture into emerging institutional blockchain networks.

Team and Funding

Konstantin Richter, who founded Blockdaemon in 2017, serves as CEO. His background spans Deutsche Telekom network strategy, Nokia, and multiple SaaS and marketplace startups. The executive team includes Amor Sexton as COO, Alex Zinder as Chief Product Officer, and Demo Skalkotos as Chief DeFi and Protocols Officer.

Blockdaemon has raised $409.9 million across six funding rounds. Its investor base includes Andreessen Horowitz, Founders Fund, Bain Capital Ventures, SoftBank, Goldman Sachs, Tiger Global, Boldstart Ventures, B Capital Group, Sapphire Ventures, and Salesforce Ventures — a mix of crypto-native and mainstream institutional investors that reflects the company's position bridging both worlds.

Solana Ecosystem Fit

Blockdaemon treats Solana as a first-class protocol across all four service lines. Solana staking is available through the Staking API and the Earn Stack, giving institutions programmatic access to SOL yield without running their own validators. High-availability RPC node clusters serve Solana applications that need reliable, low-latency data access. Institutional Vault and Builder Vault support SOL and SPL-token custody with MPC key management.

The company follows Solana protocol development closely. Blog coverage has addressed Firedancer (the Jump Crypto validator client), Alpenglow (Solana's consensus upgrade), JitoBAM (block-auction mechanics and MEV), and SIMD-123 (a fee market proposal). This depth of protocol tracking indicates infrastructure that evolves alongside Solana's runtime rather than treating it as a static integration.

With tokenized-asset infrastructure gaining traction — including Blockdaemon's involvement in the wallet infrastructure behind DTCC's tokenization milestone — the company is positioned to support Solana-based tokenization projects that require institutional custody, on-chain data access, and compliant transaction services.

No Native Token

Blockdaemon does not issue a native token. It is a B2B infrastructure business; revenue comes from API usage fees, managed node services, staking fees, and enterprise licensing.