Goldman Sachs supported a $ 28 million series of financing rounds for infrastructure company Blockdaemon.

Funding came from Greenspring Associates and included participation from crypto lender BlockFi, cryptoasset broker Voyager Digital Ltd and a $ 5 million investment from Goldman Sachs.

Goldman Sachs is a US multinational investment bank with a net worth of $ 131 billion. The banking giant seems to have shown a lot of interest in cryptocurrencies lately. In May, Goldma hosted a $ 15 million investment round in blockchain analysis company Coin Metrics, and in the same month launched Bitcoin derivatives trading for institutional clients.

Blockdaemon offers infrastructure and bid hubs for institutional clients such as Goldman Sachs. Accumulated assets averaged over $ 5 billion over the past 12 months, according to the company, and this figure is expected to exceed $ 50 billion by the end of 2021.

The company offers institutional customers access to networks such as ETH 2.0, Bitcoin, Polkadot and various protocols such as Dfinity and Near through the Blockdaemon market.

According to the announcement on June 8, Blockdaemon will use the funding to expand node infrastructure services and bring in new employees and developers. Ole Harris, Head of Digital Assets at Goldman Sachs North America, said:

“We are excited to join them as they continue to bring enterprise-class blockchain technology to anyone who wants to take advantage of it.”
Despite the investment bank’s readiness for cryptocurrencies with investments and advanced services, the company has taken a controversial approach to cryptocurrencies in the media.

On June 8, the Cointelegraph reported that Goldman Sachs published a study that found that Bitcoin is the least preferred investment category among 25 Asian hedge fund CIOs.

Earlier this month, Jeff Curry, head of global commodity research at Goldman Sachs, rejected claims that Bitcoin is “digital gold” after calling Bitcoin a “risky” asset such as copper.

However, Goldman Sachs analyst Will Nance stated in May that investing in Coinbase stocks is the best way to enter the cryptocurrency market and avoid volatility following the recent downturn in the cryptocurrency.