Blockchain infrastructure company has outlined its acquisition of data and digital asset security company Sepior.
Sepior, based in Aarhus, Denmark, operates remote offices in California, with officials noting the firm focuses on institutional-grade cryptographic key management and protection.
“We are thrilled to bring Sepior into the Blockdaemon family,” Blockdaemon Founder and CEO Konstantin Richter said. “The ability to properly secure private keys is a cornerstone of the multi-billion dollar institutional crypto finance industry. With this acquisition, we are now able to foster the distribution of trust, identity, and privacy of keys at scale.”
Ahmet Tuncay, Blockdaemon head of MPC Digital Asset Security and former Sepior CEO, said Sepior is excited to join forces with Blockdaemon.
“This move allows us to accelerate onboarding our institutional customers while continuing to invest in our roadmap that uniquely meets their needs in this rapidly changing environment,” Tuncay said. “Integrating advanced MPC into Blockdaemon’s portfolio opens up new use cases for our technology that will allow us to serve our customers with even better digital asset security solutions.”
With post transaction finalization, Blockdaemon would add the ability to offer institutional customers custodial and non-custodial wallet solutions for digital assets.
“As we continue to grow, Blockdaemon actively strives to enhance our industry-leading technology platform and further improve our offerings for our clients,” Blockdaemon Head of Corporate Development Larry Zhong said. “With our latest acquisition of Sepior, we are bringing in a team of world-renowned security specialists, combined with an innovative, gold-standard security solution, both of which will strongly benefit our clients and the value we deliver. I would like to personally welcome Sepior onto the Blockdaemon team.”