Blockdaemon has acquired Sepior, according to a company statement.
Blockdaemon is a blockchain enabler providing the infrastructure for firms to leverage the technology. Sepior is a data and digital asset security company that provides institutional-grade cryptographic key management and protection. Blockdaemon did not disclose the terms of the deal.
According to Blockdaemon, Sepior will improve Blockdaemon’s ability to connect businesses to blockchains with a single integration. Blockdaemon will add the ability to offer institutional customers custodial and non-custodial wallet solutions for digital assets. Blockdaemon reports that it has seen significant growth across institutional customers, and as of Q2, Blockdaemon has nearly doubled that number in less than a year. Blockdaemon did not provide specific metrics on its customers.
This is Blockdaemon’s fourth acquisition within two years, following Gem, Anyblock Analytics, and Lunie.
Konstantin Richter, Blockdaemon founder and CEO, said they are thrilled to acquire Sepior:
“The ability to properly secure private keys is a cornerstone of the multi-billion dollar institutional crypto finance industry. With this acquisition we are now able to foster the distribution of trust, identity, and privacy of keys at scale. The Sepior team brings unrivaled research and credentials in MPC technology and will help us continue to build out a robust, feature-rich ecosystem with our partners.”
Ahmet Tuncay, former CEO of Sepior and now head of MPC Digital Asset Security at Blockdaemon, said they were excited to join Blockdaemon:
“This move allows us to accelerate on-boarding our institutional customers while continuing to invest in our roadmap that uniquely meets their needs in this rapidly changing environment. Integrating advanced MPC into Blockdaemon’s portfolio opens up new use cases for our technology that will allow us to serve our customers with even better digital asset security solutions.”