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Galaxy Digital Adds Blockchain Infrastructure Capabilities
Galaxy Digital Holdings announced that it has acquired substantially all of the assets of CryptoManufaktur LLC, a blockchain node operator that provides trusted and secure services to decentralized protocols in the digital asset ecosystem. As part of the transaction, CMF’s three-person team of experienced engineers, led by founder Thorsten Behrens, will join Galaxy’s Blockchain Infrastructure team, which provides staking and validation services to qualified investors, protocols, and digital asset platforms.
Galaxy’s acquisition of CMF will significantly enhance its ability to provide technical and infrastructure support for key projects and implementations and strengthen the company’s Oracle Data as a Service offering to customers. The addition of CMF brings approximately $1 billion in Ethereum assets at stake (“AUS”), increasing the company’s total AUS1 to $3.3 billion, while also building on the strength of Galaxy’s diversified business model.
“Galaxy is rapidly expanding its blockchain infrastructure and staking capabilities and its ability to provide enterprise-level technical expertise and support to strategic corners of the digital asset ecosystem. Our acquisition of CMF is an important milestone that significantly enhances our position as a leading technical partner to protocols and builders,” said Zane Glauber, Head of Galaxy’s Blockchain Infrastructure team. “Additionally, we are fortunate to add someone with the track record and authority of Thorsten, a highly respected member of the staking community. We are thrilled to welcome him and his engineering team.”
Founded in 2020 by Thorsten Behrens, a long-time engineer and thought leader in the Ethereum ecosystem, CMF has established itself as a leading blockchain infrastructure provider. Originally launched to create a foundational infrastructure for Chainlink’s price feeds, CMF has since expanded to operate an automated and secure Ethereum proof-of-stake (“PoS”) node deployment infrastructure, as well as supporting other oracle and PoS ecosystems. CMF has nodes running on Ethereum, Polygon, Optimism, and multiple other blockchains.
“Galaxy’s acquisition of CMF’s assets is an exciting step in our company’s journey and a testament to the strength of our team and our experience building essential blockchain infrastructure,” said Thorsten Behrens. “Having worked closely with Galaxy’s talented team, we believe Galaxy is uniquely positioned to serve as a go-to blockchain infrastructure provider and a leading validator in high-performance blockchain. We look forward to joining the team and expanding our combined operations.”
Source: Galaxy Digital
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