Crypto-centric finance firm Delio has reportedly forged an alliance with Blockdaemon to release retail-centric staking offerings, giving clients a more seamless measure to earn rewards on their digital asset holdings.

Specifically, Delio’s staking services widen its current scope to cover crypto-bank offerings, which include lending, deposits and deposit accounts. The new service offering is operated by blockchain infrastructure provider Blockdaemon, which provides a suite of institutional staking products.

While Delio does not provide particular details of the selected crypto assets to be included in the new staking services, Blockdaemon currently facilitates integration with more than 60 blockchains. 

Delio representative James Jung offered additional clarifications that the company has plans down its pipeline “to offer a variety of crypto asset financial services for users outside of Korea.”

Established in 2017, Blockdaemon secured unicorn status in 2021, following the successful $155 million Series B fundraising. In the startup world, a unicorn is a company that achieves a valuation of $1 billion or more. At the time, Blockdaemon was valued at just over $1.25 billion.

Meanwhile, Delio reportedly seems to be widening the scope of its crypto-finance offerings following being able to obtain a Virtual Asset Service Provider (VASP) license from the Korean Financial Intelligence Unit. 

Delio claims to be the pioneering crypto firm in South Korea to snatch a VASP for lending and deposit services. 

Regardless of market turmoil and controversy associated with the fall of the Terra ecosystem, Korea is still a major and important player in the international crypto scene. As such, President Yoon Suk-yeol, who took office this past May, has adopted a favorable approach toward digital asset regulation in the country. As reported by Cointelegraph, Korea’s financial watchdog is looking to expedite the review of 13 crypto-focused bills tabled to the country’s National Assembly.