Crypto data platform The Tie acquires Stakin in cash-and-equity deal
The Tie acquired staking provider Stakin in a cash-and-equity deal to enter the crypto infrastructure business.Summary
The Tie, an institutional crypto data and services platform, has acquired Stakin, a staking services provider managing over $1 billion in assets under delegation, marking The Tie's first acquisition and entry into crypto infrastructure.
The deal, financed through cash and equity from The Tie's balance sheet and operating profits, integrates staking as a new business line under The Tie's newly launched infrastructure solutions division. The Tie, which has been net profitable since its 2022 Series A funding round, serves about 500 institutional clients.
Stakin, which was bootstrapped and based in Estonia, will continue operating independently on the infrastructure level, though its services will be bundled into The Tie’s platform commercially. The Tie plans to expand its infrastructure offerings to include services like decentralized bridging and RPC services, positioning itself as a unified institutional gateway to digital assets.
(Source：The Block)