Nansen Acquires StakeWithUs to Enhance Staking Services

Nansen Expands Horizons with Acquisition of StakeWithUs

Blockchain data provider Nansen has announced its acquisition of the staking platform StakeWithUs, a strategic move aimed at broadening its offerings beyond data provision. This initiative, spearheaded by CEO Alex Svanevik, seeks to enhance investment services for both institutions and retail traders alike.

While the financial details of the acquisition remain undisclosed, a company spokesperson confirmed that the transaction was valued in the seven-figure range. StakeWithUs, which is supported by the Singapore government’s innovation initiative SGinnovate, specializes in providing staking services across a variety of blockchains.

With this integration, Nansen plans to offer non-custodial staking for over 20 different assets, including prominent cryptocurrencies such as SOL, SUI, OSMO, and ATOM. Staking is a crucial mechanism employed by blockchain networks to select trustworthy participants and validate new blocks of data being added to the blockchain.

By locking up their tokens, stakers not only contribute to the verification process but also earn additional tokens as a reward for their participation. In a statement, Svanevik emphasized, “By enabling staking within Nansen, we are not only expanding our service offerings but also enhancing our support for the blockchain ecosystems we integrate with.”

In addition to this new staking capability, Nansen is set to incorporate additional blockchains into its platform, including Berachain, an innovative layer 1 solution that is compatible with the Ethereum Virtual Machine (EVM). Notably, Nansen will become one of the first validators on Berachain’s mainnet, marking a significant milestone in the company’s journey to support blockchain technology through transaction validation.