Galaxy Digital Holdings announced that it has acquired substantially all of the assets of CryptoManufaktur LLC, a blockchain node operator that provides trusted, secure services to decentralized protocols across the digital asset ecosystem. As part of the transaction, CMF’s seasoned three-person engineering team, led by founder Thorsten Behrens, will join Galaxy’s Blockchain Infrastructure team, which provides staking and validator services to qualified investors, protocols, and digital asset platforms.

Galaxy’s acquisition of CMF will meaningfully enhance its ability to provide technical and infrastructural support to key projects and deployments and bolster the firm’s Oracle Data as a Service offering to clients. The addition of CMF brings about $1 billion in Ethereum assets under stake (“AUS”), raising the firm’s total AUS¹ to $3.3 billion while deepening the strength of Galaxy’s diversified business model.

“Galaxy is rapidly expanding its blockchain infrastructure and staking capabilities and capacity to provide enterprise-grade technical expertise and support to strategic corners of the digital asset ecosystem. Our acquisition of CMF is an important milestone that significantly enhances our position as a leading technical partner to protocols and builders,” said Zane Glauber, Head of Galaxy’s Blockchain Infrastructure team. “Furthermore, we’re lucky to add someone with the track record and gravitas of Thorsten, a well-respected member of the staking community. We are thrilled to welcome him and his team of engineers.”

Founded in 2020 by Thorsten Behrens, a long-time engineer and thought leader within the Ethereum ecosystem, CMF has established itself as one of the leading blockchain infrastructure providers. Originally launched to build core infrastructure for Chainlink’s price feeds, CMF has since expanded to running automated, secure Ethereum proof-of-stake (“PoS”) node deployment infrastructure, as well as supporting other oracle and PoS ecosystems. CMF has nodes running on Ethereum, Polygon, Optimism and various other blockchains.

“Galaxy’s acquisition of CMF’s assets is an exciting step in our company’s journey and a testament to the strength of our team and track record of building essential blockchain infrastructure,” said Thorsten Behrens. “Having worked closely with the talented team at Galaxy, we believe that Galaxy is uniquely positioned to serve as the go-to blockchain infrastructure provider and a leading validator across high-performing blockchains. We look forward to joining the team and scaling our combined operations.”

Source: Galaxy Digital