Blockdaemon to Acquire expand.network, Strengthening Institutional Access to DeFi

Los Angeles,March 23, 2025 – Blockdaemon, the leading U.S. headquartered institutional-grade crypto infrastructure company, announced today that it has entered into a binding letter of agreement for the acquisition of expand.network, a leading API provider that streamlines institutional access to DeFi and on-chain financial activities. This transaction is subject to the execution of definitive documentation and customary closing conditions.

expand.network serves as an outsourced infrastructure and scaling partner for on-chain operations, providing a comprehensive solution that simplifies connectivity across multiple chains and protocols. Supporting the entire trading lifecycle - from pre-trade analysis and execution to post-trade reconciliation - expand.network’s unifiedAPI offers differentiated on-chain data including high-quality decentralized exchange (DEX)pricing data, comprehensive data for wallets and liquidity pool analytics and other protocol pricing data. Its feature set includes trade decoding, compliance checks, and tools for swaps, and managing liquidity across DEXs, staking protocols, and lending platforms. With a modular architecture, expand.network unlocks operational efficiency for institutions to scale in DeFi.

This move will enable Blockdaemon to integrate expand.network’s robust API solutions, further solidifying its position as the leading blockchain infrastructure provider delivering institutional-grade access to DeFi services. “We are excited to welcome expand.network’s team and technology,” said Konstantin Richter, CEO and Founder of Blockdaemon. “Their approach to simplifying Web3 connectivity aligns perfectly with our mission to provide institutional partners with seamless blockchain integration. This acquisition enhances our ability to offer a comprehensive suite of solutions in a rapidly evolving market. With institutions increasingly exploring DeFi, Blockdaemon is strategically positioned to support and accelerate this shift.”

“We built expand.network to remove barriers to institutional on-chain adoption by providing scalable infrastructure for the next era of DeFi. Joining forces with Blockdaemon supercharges our mission, empowering institutional buildersto accelerate on-chain innovation through a single abstracted API. As DeFi gains momentum, we’re excited to collaborate with the Blockdaemon team to drivemore DeFi initiatives forward,” said Demetrios Skalkotos, expand.network CEO and Co-founder.

With this acquisition, Blockdaemon will add significant value to its clients by providing a unified API for transacting in DeFi and sourcing on-chain data. This complements Blockdaemon’s comprehensive institutional blockchain infrastructure suite, including a full ‘node stack’ designed to help businesses transform into blockchain-driven enterprises. The new integration will enable users to seamlessly transact across DeFi platforms, conduct trade reconciliations, manage portfolios, and access both real-time and historical on-chain data through a single interface.

This milestone marks Blockdaemon’s fifth successful acquisition, following Sepior, Gem, Anyblock Analytics and Lunie. It comes amid significant geographic expansion and product innovation at Blockdaemon, including the launch of the Indexed-Data PoweredAPI Suite in April 2024, establishment of the entity under the Registration of Abu DhabiGlobal Market (ADGM)in May 2024 and the relaunch of the Institutional Vault in February 2025.