Crypto-focused finance firm Delio has partnered with Blockdaemon to launch retail-focused staking companies, giving prospects a extra seamless option to earn rewards on their digital asset holdings.

Delio’s staking companies increase its current crypto-bank choices, which embrace lending, deposits and deposit accounts, the corporate introduced Thursday. The brand new service providing is powered by blockchain infrastructure supplier Blockdaemon, which gives a set of institutional staking merchandise.

Whereas Delio didn’t specify which crypto property can be included within the new staking companies, Blockdaemon presently helps integration with over 60 blockchains. Delio consultant James Jung additionally clarified that the agency additionally plans “to supply a wide range of crypto asset monetary companies for customers exterior of Korea.”

Based in 2017, Blockdaemon achieved unicorn standing final 12 months after securing $155 million in a Collection B funding spherical. Within the startup world, a unicorn is an organization that achieves a valuation of $1 billion or extra. On the time, Blockdaemon was valued at simply over $1.25 billion.

All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger

In the meantime, Delio seems to be increasing its crypto-finance choices after receiving a Digital Asset Service Supplier (VASP) license from the Korean Monetary Intelligence Unit. Delio claims to be the primary crypto firm in South Korea to acquire a VASP for lending and deposit companies.

Whats up, Seoul!

The fifth annual Korea Blockchain Week kicked off on Sunday, with greater than 7,000 folks attending Asia’s largest blockchain occasion of 2022.

Cointelegraph has been on the occasion, and we’ve got all of the highlights for you. Bookmark this thread ! #KWB2022 pic.twitter.com/gCuXN2TlRf

— Cointelegraph (@Cointelegraph) August 8, 2022

Regardless of market turmoil and controversy surrounding the collapse of the Terra ecosystem, Korea stays a big and essential participant within the world crypto area. As such, President Yoon Suk-yeol, who took workplace this previous Might, has adopted a positive method towards digital asset regulation within the nation. As reported by Cointelegraph, Korea’s monetary watchdog is seeking to expedite the evaluation of 13 crypto-focused payments tabled to the nation’s Nationwide Meeting.