Stakin, the staking giant, is acquired by a crypto data platform, with a $1 billion asset size changing hands

【Blockchain Rhythm】 Recently, there was an interesting move — the crypto data platform The Tie announced the acquisition of staking service provider Stakin. This is The Tie’s first external acquisition.

Let’s talk about Stakin’s scale: managing over $1 billion in delegated assets and operating non-custodial staking services for more than 40 public chains. The team is headquartered in Estonia. After the acquisition, it will be integrated into The Tie but will continue to operate independently.

From a strategic perspective, this acquisition to some extent marks The Tie’s official entry into the crypto infrastructure market. Staking has become increasingly competitive in recent years. Being able to manage such a large scale of assets and provide non-custodial staking services across so many chains, Stakin indeed has some capabilities. Now that it has been incorporated under the data platform, how it will develop and what synergies can be unleashed are worth watching.