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Nansen acquires StakeWithUs, enables direct staking on its platform

Nansen acquires StakeWithUs, enables direct staking on its platform

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Source: Crypto Briefing

Key Takeaways

  • Nansen has acquired StakeWithUs as part of its strategy to become a comprehensive platform for digital asset investments.
  • Over 20 assets are supported at launch, including Ethereum, Solana, Sui, and more.

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Nansen, the leading on-chain analytics platform, announced today it has acquired StakeWithUs, a prominent staking service provider. With this acquisition, Nansen users can now stake their assets seamlessly on the platform, starting with over 20 different assets, including Solana, Sui, Celestia, Dydx, and more.

The latest integration is part of Nansen’s strategic move to expand its offerings and establish itself as a comprehensive investment platform for both retail and institutional investors, the company stated.

Nansen’s goal is to become a one-stop shop for on-chain investors, providing them with comprehensive analytics, staking services, and other valuable tools.

“This acquisition allows us to provide our users with a streamlined staking experience, further solidifying our commitment to offering unparalleled value and service to onchain investors,” said Alex Svanevik, CEO of Nansen.

“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,” Svanevik added.

Singapore-based StakeWithUs, known for its secure staking solutions, now enables Nansen users to stake different major assets, including Solana, Sui, Celestia, Dydx, Akash, Cosmos, Osmosis, Band, Skale, Certik, Persistence, Kava, Celer, Archway, Passage, and Agoric. The company is backed by SGInnovate, a Singapore government deep tech fund.

Sapphire

“This acquisition aligns perfectly with our vision of providing seamless and secure staking services to a broader audience,” said Michael Ng, StakeWithUs’ founder.

“By integrating our expertise with Nansen’s advanced analytics capabilities, we are setting the stage for a more integrated and powerful investment platform,” he stated.

In addition to the acquisition, Nansen revealed the upcoming launch of the NSN Points Program, a loyalty initiative to reward its community of stakers and subscribers. Set to begin in 2025, the program will award points for various activities, which can be redeemed for rewards.

Nansen added that it will continue to add new blockchains, including Berachain, to its supported list. The entity will also be one of the first validators on Berachain’s mainnet, expanding its role in the blockchain ecosystem.

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Author: Vivian Nguyen