Exciting news in the blockchain world! JPMorgan and Tiger Global have joined Blockdaemon, solidifying the company's position as a leading player in blockchain infrastructure. Blockdaemon, the world’s largest blockchain infrastructure company for node management and staking, announced adding two strategic investors, Tiger Global New YorkNovemBlockdaemon, the world’s largest blockchain infrastructure company for node management and staking, today announced adding two strategic investors. This significant investment underscores the growing institutional interest in Web3 and decentralized technologies.

JPMorgan has taken a stake in Blockdaemon, a blockchain infrastructure startup that also includes SoftBank, Goldman Sachs and crypto exchange Kraken among its investors. This move signals JPMorgan's deep commitment to the blockchain space. Blockdaemon's platform is crucial for node management and staking, enabling businesses to easily deploy and scale blockchain applications.

The investment from JPMorgan Chase and Tiger Global further strengthens Blockdaemon's ability to provide robust and reliable infrastructure for a wide range of blockchain networks. This is a crucial step in accelerating the adoption of Web3 technology across various industries.

Recently, JPMorgan Chase announced the rebranding of its blockchain platform, Onyx, to Kinexys. This move signifies the bank's commitment to leveraging blockchain technology for institutional use cases and reflects its forward-thinking approach to digital assets. The partnership with Blockdaemon further enhances JPMorgan's capabilities in this rapidly evolving landscape.

The combined expertise and resources of JPMorgan, Tiger Global, and Blockdaemon are poised to drive significant innovation and adoption in the blockchain ecosystem. This strategic alliance is a testament to the power and potential of decentralized technologies to transform industries and reshape the future of finance.