Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Blockdaemon, VerifiedX Join Forces Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Blockdaemon, VerifiedX Join Forces

Blockdaemon, VerifiedX Join Forces to Deliver Mass-Market, Self-Custodial DeFi

2025/12/05 00:00
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

Blockdaemon, VerifiedX Join Forces to Deliver Mass-Market, Self-Custodial DeFi

The experience, which is designed to feel like Venmo or Cash App, allows users to earn yield on bitcoin (BTC) and stablecoins and borrow against their holdings.

By Jamie Crawley, AI Boost|Edited by Sheldon Reback
Dec 4, 2025, 4:00 p.m.
Blockdaemon CEO and founder Konstantin Richter (Blockdaemon, modified by CoinDesk)

What to know:

  • Crypto infrastructure provider Blockdaemon and Bitcoin sidechain VerifiedX are rolling out a major upgrade to make everyday crypto use far simpler for non-technical users.
  • The experience is designed to feel closer to Venmo or Cash App than a traditional Web3 workflow.
  • Crypto/DeFi/Web3 platforms often struggle with mass adoption primarily because their user experience is often clunky, complex and intimidating to the average user.

Crypto infrastructure provider Blockdaemon and Bitcoin sidechain VerifiedX said they are teaming up to make everyday crypto use simpler for non-technical users.

The move, which encompasses earning yield to sending money abroad, will see the same staking and blockchain infrastructure that Blockdaemon provides to banks and asset managers integrated into VerifiedX’s two consumer apps: the Switchblade self-custody wallet and the Butterfly social payments platform, according to an announcement shared with CoinDesk on Thursday.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up

The experience is designed to feel closer to Paypal's (PYPL) Venmo or Block's (XYZ) Cash App social payment apps than a traditional Web3 workflow. Users can earn yield on bitcoin BTC$92,586.47 and stablecoins, borrow against their holdings and access onchain credit markets without parking funds on an exchange, dealing with custodians or juggling seed phrases (the long stream of random words that users need to back up and recover their assets), the firms said.

Blockdaemon supplies the technical backbone, including node operations, staking systems and liquidity management, while VerifiedX handles the user experience, including payments, merchant transactions and simple asset transfers. The combination is meant to bring self-custodial DeFi features to people who have no interest in navigating dashboards or connecting on-chain wallets.

Crypto/DeFi/Web3 platforms often struggle with mass adoption primarily because their user experience is often clunky, complex and intimidating to the average user. due to unfamiliar concepts like wallets and seed phrases, a process that offers a steep learning curve and high risk of irreversible error.

This highlights the need for these platforms to emulate the simplicity of popular fintech apps, which hide the technical complexities of sending, receiving and managing money from the user and simplify the process to functions like email and password logins and two-factor authentication.

DeFiWalletMass Adoption
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

More For You

Protocol Research: GoPlus Security

Commissioned byGoPlus

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report

More For You

MoneyGram Taps Fireblocks to Expand Stablecoin Use in Global Payments and Treasury Ops

The deal aims to bring stablecoin settlements and programmable treasury tools to MoneyGram’s global network.

What to know:

  • MoneyGram will use Fireblocks to power stablecoin-based payments and cross-border settlements.
  • Integration reduces capital needs and adds real-time treasury operations for MoneyGram.
  • The move reflects growing use of digital wallets and programmable money in remittances.
Read full story
Latest Crypto News

Meta Plans 30% Cut to Metaverse Budget as Reality Becomes Less Virtual: Bloomberg

$4B Bitcoin ETF Outflows in Oct-Nov Reflect Basis Trade Unwind, Not Capitulation: Research Analyst

BONK Edges Higher as Narrow-Range Trading Holds Above Key Support

ICP Rises as Cross-Chain Narratives Gain Attention

Crypto for Advisors: Crypto Yield Products

U.S. CFTC-Driven Spot Crypto Trading Going Live With Bitnomial, Opening Up New Arena

Top Stories

Crypto Markets Today: Bitcoin Holds Near Weekly High, Altcoins Remain Subdued

U.S. CFTC-Driven Spot Crypto Trading Going Live With Bitnomial, Opening Up New Arena

Citadel Challenges DeFi Framework in Letter to SEC, Sparking Industry Outrage

XRP ETFs Extend Record Inflow Streak to 13 Days, Closing in on $1B Milestone

BTC at $100K Back on Table as Volatility Shatters Uptrend, Ether Bulls Grow Bolder

CZ Teases New BNB Chain Native Prediction Market Predict.Fun

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Strive CEO Urges MSCI to Reconsider Bitcoin-Holding Firms’ Index Exclusion

Strive CEO Urges MSCI to Reconsider Bitcoin-Holding Firms’ Index Exclusion

The post Strive CEO Urges MSCI to Reconsider Bitcoin-Holding Firms’ Index Exclusion appeared on BitcoinEthereumNews.com. MSCI’s proposed Bitcoin exclusion would bar companies with over 50% digital asset holdings from indexes, potentially costing firms like Strategy $2.8 billion in inflows. Strive CEO Matt Cole urges MSCI to let the market decide, emphasizing Bitcoin holders’ roles in AI infrastructure and structured finance growth. Strive’s letter to MSCI argues exclusion limits passive investors’ access to high-growth sectors like AI and digital finance. Nasdaq-listed Strive, the 14th-largest Bitcoin treasury firm, highlights how miners are diversifying into AI power infrastructure. The 50% threshold is unworkable due to Bitcoin’s volatility, causing index flickering and higher costs; JPMorgan analysts estimate significant losses for affected firms. Discover MSCI Bitcoin exclusion proposal details and Strive’s pushback. Learn impacts on Bitcoin treasury firms and AI diversification. Stay informed on crypto index changes—read now for investment insights. What is the MSCI Bitcoin Exclusion Proposal? The MSCI Bitcoin exclusion proposal seeks to exclude companies from its indexes if digital asset holdings exceed 50% of total assets, aiming to reduce exposure to volatile cryptocurrencies in passive investment vehicles. This move targets major Bitcoin treasury holders like Strategy, potentially disrupting billions in investment flows. Strive Enterprises, a key player in the space, has formally opposed it through a letter to MSCI’s leadership. How Does the MSCI Bitcoin Exclusion Affect Bitcoin Treasury Firms? The proposal could deliver a substantial setback to Bitcoin treasury firms by limiting their inclusion in widely tracked MSCI indexes, which guide trillions in passive investments globally. According to JPMorgan analysts, Strategy alone might see a $2.8 billion drop in assets under management if excluded from the MSCI World Index, as reported in their recent market analysis. This exclusion would hinder these firms’ ability to attract institutional capital, forcing them to compete at a disadvantage against traditional finance entities. Strive CEO Matt Cole, in his letter to…
Share
BitcoinEthereumNews2025/12/06 11:33
Snowflake and Anthropic Forge $200M AI Partnership for Global Enterprises

Snowflake and Anthropic Forge $200M AI Partnership for Global Enterprises

The post Snowflake and Anthropic Forge $200M AI Partnership for Global Enterprises appeared on BitcoinEthereumNews.com. Peter Zhang Dec 04, 2025 16:52 Snowflake and Anthropic unveil a $200 million partnership to integrate AI capabilities into enterprise data environments, enhancing AI-driven insights with Claude models across leading cloud platforms. In a strategic move to enhance AI capabilities for global enterprises, Snowflake and Anthropic have announced a significant partnership valued at $200 million. This multi-year agreement aims to integrate Anthropic’s Claude models into Snowflake’s platform, offering advanced AI-driven insights to over 12,600 global customers through leading cloud services such as Amazon Bedrock, Google Cloud Vertex AI, and Microsoft Azure, according to Anthropic. Expanding AI Capabilities This collaboration marks a pivotal step in deploying AI agents across the world’s largest enterprises. By leveraging Claude’s advanced reasoning capabilities, Snowflake aims to enhance its internal operations and customer offerings. The partnership facilitates a joint go-to-market initiative, enabling enterprises to extract insights from both structured and unstructured data while adhering to stringent security standards. Internally, Snowflake has already been utilizing Claude models to boost developer productivity and innovation. The Claude-powered GTM AI Assistant, built on Snowflake Intelligence, empowers sales teams to centralize data and query it using natural language, thereby streamlining deal cycles. Innovative AI Solutions for Enterprises Thousands of Snowflake customers are processing trillions of Claude tokens monthly via Snowflake Cortex AI. The partnership’s next phase will focus on deploying AI agents capable of complex, multi-step analysis. These agents, powered by Claude’s reasoning and Snowflake’s governed data environment, allow business users to ask questions in plain English and receive accurate answers, achieving over 90% accuracy on complex text-to-SQL tasks based on internal benchmarks. This collaboration is especially beneficial for regulated industries like financial services, healthcare, and life sciences, enabling them to transition from pilot projects to full-scale production confidently. Industry Impact and Customer…
Share
BitcoinEthereumNews2025/12/06 11:17
Pundi AI Teams Up with HyperGPT to Build an Open, Community-Driven AI Future With Tokenized Data and Web3 Tools

Pundi AI Teams Up with HyperGPT to Build an Open, Community-Driven AI Future With Tokenized Data and Web3 Tools

The post Pundi AI Teams Up with HyperGPT to Build an Open, Community-Driven AI Future With Tokenized Data and Web3 Tools appeared on BitcoinEthereumNews.com. Decentralized finance and AI industry watchers were briefed by COINOTAG News on December 6th about a strategic alliance between Pundi AI and HyperGPT. Official sources confirm the collaboration aims to build an open, transparent, and community-driven AI future, leveraging each party’s strengths to advance verifiable data infrastructure and governance. The partnership will fuse Data Pump with tokenized datasets to boost AI performance while mitigating model risk, enabling broader participation in AI training. HyperGPT provides developer-friendly tools via its ecosystem, including an AI application marketplace, HyperStore, the HyperSDK integration layer, and agents through HyperAgent, plus monetization paths via HyperNFT. For developers and users, the collaboration signals a tangible move from experimental pilots to scalable, production-ready Web3 AI solutions. The alliance is positioned to accelerate real-world adoption, drive ecosystem liquidity, and support sustainable value creation through credible data provenance and transparent AI tooling. Source: https://en.coinotag.com/breakingnews/pundi-ai-teams-up-with-hypergpt-to-build-an-open-community-driven-ai-future-with-tokenized-data-and-web3-tools
Share
BitcoinEthereumNews2025/12/06 11:42