Nansen Acquires Singapore-Based Staking Firm StakeWithUs

A spokesperson for the firm told CryptoNews, "It is a 7-figure deal."

Journalist Tanzeel Akhtar Journalist Tanzeel Akhtar About Author Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine. Author Profile Share Copied Last updated: September 10, 2024 08:27 EDT

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On-chain analytics platform, Nansen said it has acquired StakeWithUs, a staking service provider backed by SGInnovate, a Singapore government-owned platform.

The financial details of the acquisition remain undisclosed by Nansen. A spokesperson for the firm told CryptoNews, “It is a 7-figure deal.”

Nansen said it is expanding its range of services with this acquisition and reinforcing its position as a one-stop solution for on-chain investors.

The acquisition means Nansen’s is broadening its scope with the platform targeting both retail and institutional participants in the blockchain space.

StakeWithUs’ staking can be accessed through Nansen’s on-chain analytics platform, allowing users to stake their assets directly on-chain.

Non-Custodial Staking For 20 Chains

At the time of the launch, Nansen said it would offer non-custodial staking for over 20 different assets. These include tokens such as Solana, Sui, Celestia, Dydx, Akash, Cosmos, and more.

“This acquisition allows us to provide our users with a streamlined staking experience, further solidifying our commitment to offering unparalleled value and service to on-chain 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,” adds Svanevik.

Nansen Launches NSN Points Program

Nansen said in addition to the acquisition, the firm has also unveiled its upcoming “NSN Points Program” a loyalty program designed to reward the platform’s community of stakers and subscribers.

Set to launch in 2025, the NSN Points Program will award points to eligible users based on their engagement with Nansen.

Thee points can be earned through activities such as staking, subscribing, and participating in community initiatives, and can be redeemed for rewards such as premium features and exclusive insights.

“Our users are at the heart of everything we do, and the NSN Points Program is our way of showing appreciation for their loyalty and support,” said Svanevik.

“We believe that by rewarding our users, we can foster a more engaged and vibrant community, driving further growth and innovation within the Nansen ecosystem,” adds Svanevik.