Blockdaemon has closed its acquisition of expand.network, welcoming Demo Skalkotos as Chief DeFi & Protocols Officer and Varun Gyanchandani as Director of Engineering.
Blockdaemon, the leading institutional-grade blockchain-infrastructure company, has officially closed its acquisition of expand.network. The deal, first announced on 19 March 2025, is now complete, marking Blockdaemon’s fifth successful acquisition and deepening its position as the leading provider of web3 products and services for institutions.
expand.network’s single, abstracted API is now fully integrated into Blockdaemon’s “total node stack,” giving banks, brokers, wallets, analytics firms and asset managers unified access to a full suite of DeFi functionality.
Through this acquisition, Blockdaemon now offers faster time-to-market, lower engineering overhead and multi-chain DeFi access for every institutional customer.
From the expand.network team, Blockdaemon welcomes Demo Skalkotos and Varun Gyanchandani to senior leadership positions.
Returning to Blockdaemon, Demo will steer the DeFi and protocol strategy, growing ecosystem partnerships, driving innovation and scaling Blockdaemon’s impact across web3.
Varun brings a track record of building secure, high-performance systems. He will help lead engineering for the DeFi API’s underlying infrastructure, ensuring it continues to keep pace with institutional use cases.
With this acquisition, Blockdaemon delivers the simplest path for institutions to transact on-chain. Demo and Varun strengthen an already exceptional team, positioning Blockdaemon well to scale the next wave of institutional DeFi adoption.
To further explore the integration roadmap, watch our Blockdaemon Roundtable, featuring a conversation between Demo, Varun, and Principal Blockchain Engineer, Jonas Pfannschimdt.
Tell us about your market access and infrastructure requirements. Our team will be in touch to help you implement the right solutions for your institution.
