The acquisition publicly traded Galaxy Digital led by Michael Novogratz will expand the firm role in Ethereum staking as part of effor to push deeper into the business of blockchain infrastructure.

Galaxy Digital the publicly traded crypto firm led by Michael Novogratz has acquired all the assets of blockchain node operator CryptoManufaktur LLC in deal that will progress the company Ethereum staking capabilities.

According to spokesperson Galaxy is acquiring the operators and engineering teams and assets that come with those increasing the company service assets under stake by almost 43%.

Galaxy has been expanding into blockchain infrastructure adding to primary business lines of crypto trading and investment management.

Novogratz is followed figure in crypto and on business TV networks due to its background on Wall Street.

CMF Founder Thorsten Behrens as part of three person engineering team will join Galaxy blockchain infrastructure group which provides blockchain validator services to qualified investor, protocols according to media release.

Galaxy is rapidly growing its blockchain infrastructure and staking capabilities to provide technical expertise and help to strategic corners of digital asset ecosystem.