Blockdaemon is the leading provider of blockchain node infrastructure for staking, scaling, and deploying nodes with institutional-grade security and monitoring. We power the blockchain economy by simplifying the process of deploying nodes and creating scalable enterprise blockchain solutions via APIs, high availability clusters, auto-decentralization, and auto-healing of nodes.We support over 50 blockchain networks in the cloud globally and are used by exchanges, custodians, crypto platforms, financial institutions, and developers to connect commercial stakeholders to blockchains.
According to CoinDesk, Fidelity plans to add ETH staking functionality and a quarterly cash distribution mechanism to its spot Ethereum ETF—the Fidelity Ethereum Fund (FETH). FETH currently has a net asset value of approximately $898 million and can stake up to 100% of its held ETH under normal circumstances. Under the arrangement, Fidelity will retain 85% of the staking rewards, with the remaining 15% allocated to the fund sponsor, custodian, and node operators (including Blockdaemon, Figment, and Galaxy). Net staking rewards will be prioritized to cover fund operating expenses, with the remainder distributed to investors as cash on a quarterly basis. This move is driven by a safe harbor announcement released by the U.S. Internal Revenue Service in November 2025, which allows eligible crypto trusts to stake without losing their grantor trust tax status.
Sui Foundation and Mysten Labs launched the Bitcoin mortgage protocol Hashi testnet on July 22, allowing BTC to provide collateral support for on-chain lending and credit markets without being wrapped into synthetic tokens or bridged across chains. Hashi keeps Bitcoin on the Bitcoin network, with deposits secured by a 2-of-2 multi-signature mechanism that requires simultaneous signatures from Hashi's multi-party computation validators and an independent Guardian Layer. Loan terms and collateral positions are recorded on-chain, allowing lenders to view the collateral backing. Over 25 institutional partners are testing Hashi's lending and credit applications, including Bitgo, Cumberland, FalconX, Ledger, Blockdaemon, Bullish, as well as Sui ecosystem lending platforms Navi and Scallop. Wave Digital Assets has committed to advancing a three-year Bitcoin yield bond tokenization plan on Sui after the Hashi mainnet launch. Hashi has not yet announced a mainnet launch date. Sui previously unveiled the Hashi development network phase in March, positioning the protocol as a solution to improve capital efficiency for the approximately 1.4 trillion dollar Bitcoin market.
According to CoinDesk, Fidelity plans to add ETH staking functionality and a quarterly cash distribution mechanism to its spot Ethereum ETF—the Fidelity Ethereum Fund (FETH). FETH currently has a net asset value of approximately $898 million and can stake up to 100% of its held ETH under normal circumstances. Under the arrangement, Fidelity will retain 85% of the staking rewards, with the remaining 15% allocated to the fund sponsor, custodian, and node operators (including Blockdaemon, Figment, and Galaxy). Net staking rewards will be prioritized to cover fund operating expenses, with the remainder distributed to investors as cash on a quarterly basis. This move is driven by a safe harbor announcement released by the U.S. Internal Revenue Service in November 2025, which allows eligible crypto trusts to stake without losing their grantor trust tax status.
Sui Foundation and Mysten Labs launched the Bitcoin mortgage protocol Hashi testnet on July 22, allowing BTC to provide collateral support for on-chain lending and credit markets without being wrapped into synthetic tokens or bridged across chains. Hashi keeps Bitcoin on the Bitcoin network, with deposits secured by a 2-of-2 multi-signature mechanism that requires simultaneous signatures from Hashi's multi-party computation validators and an independent Guardian Layer. Loan terms and collateral positions are recorded on-chain, allowing lenders to view the collateral backing. Over 25 institutional partners are testing Hashi's lending and credit applications, including Bitgo, Cumberland, FalconX, Ledger, Blockdaemon, Bullish, as well as Sui ecosystem lending platforms Navi and Scallop. Wave Digital Assets has committed to advancing a three-year Bitcoin yield bond tokenization plan on Sui after the Hashi mainnet launch. Hashi has not yet announced a mainnet launch date. Sui previously unveiled the Hashi development network phase in March, positioning the protocol as a solution to improve capital efficiency for the approximately 1.4 trillion dollar Bitcoin market.