The Tie, an encrypted data platform, acquires staking service provider Stakin.
TL;DR
The Tie, a crypto data platform, has acquired staking provider Stakin in a cash-and-equity deal, marking its first acquisition and entry into crypto infrastructure. Stakin manages over $1 billion in assets and operates on 40+ blockchains, with the team integrating into The Tie while the business remains independent.
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[The Tie Acquires Staking Provider Stakin] According to Mars Finance, crypto data platform The Tie announced its acquisition of staking provider Stakin, which manages over $1 billion in entrusted assets, through a cash-and-equity deal. This marks The Tie's first acquisition and signifies its official entry into the crypto infrastructure sector. Estonia-based Stakin operates non-custodial staking services on over 40 blockchains. The team will be fully integrated into The Tie, while the business will continue to operate independently.