The Tie, a crypto data and institutional services platform, has acquired staking provider Stakin, marking its first acquisition and a strategic step into crypto infrastructure. Stakin manages over $1 billion in assets and operates non-custodial staking across more than 40 blockchains. The Tie paid for the acquisition in cash and equity, with the specific terms remaining undisclosed. All 15 Stakin employees will join The Tie but will maintain independent operations. The Tie plans to expand into bridging, oracles, and RPC services. This move brings new crypto news and highlights The Tie's evolving strategy in the crypto space today.

Odaily Planet News: The Tie, a crypto data and institutional service platform, has acquired staking service provider Stakin in its first acquisition, marking its official entry into the crypto infrastructure sector. Stakin manages over $1 billion in assets and operates non-custodial staking infrastructure across more than 40 blockchain networks. The transaction was paid in cash and equity, with the exact amount undisclosed. All 15 Stakin employees will join The Tie but will maintain independent operations. The Tie plans to gradually expand into infrastructure services such as decentralized bridging, oracles, and RPC services, building upon its staking business.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.