- The Tie said that through acquiring Stakin it is strengthening its competitiveness in crypto asset services for institutional clients.
- It stated that this deal combines staking infrastructure and data analysis, enabling the provision of comprehensive services to institutional clients.
- The Tie said it plans to accelerate the development of institution-tailored solutions based on collaboration with Stakin.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The Tie, a crypto data platform exclusively for institutional investors, has expanded its business scope by acquiring staking service provider Stakin.
With this acquisition, The Tie plans to combine staking infrastructure with its existing data-driven business to strengthen its competitiveness in crypto services for institutional clients.
On the 5th (local time), crypto-focused media Deuble reported that The Tie has completed all approval procedures for the acquisition of Stakin. Stakin is a staking-specialized firm currently managing delegated crypto assets exceeding $1 billion.
The two companies have been discussing the acquisition since August of last year, and through this deal Stakin's staking technology and operational capabilities are expected to be integrated into The Tie's platform.
The Tie has been providing on-chain data, market analysis, risk management tools, and more to institutional investors. Through the Stakin acquisition, it is expected to offer more comprehensive services to institutional clients, such as staking yield analysis, validator operation data, and network participation metrics.
Stakin has built staking infrastructure by operating validator nodes across multiple blockchain networks. The acquisition is expected to accelerate the development of institution-tailored solutions that combine data analysis and staking operations.
