Thank you, Izzy! We’re beyond excited to bring Thorsten and his excellent team into Galaxy. I’m happy to shed additional light on the acquisition and plans for the future.
1. As a result of our deal, confirming there are no planned material changes to existing validator operations. As Thorsten mentioned above, the goal is to preserve and further support CMF’s Ethereum staking operations – same team, same infrastructure set-up, same commitment to participating in the Curated and Simple-DVT modules and other strategic NO initiatives.
2. Also confirming there are no planned material changes to the organizational structure of the NO. Galaxy will be keeping legacy CMF operations intact – including set-up from a geographical / jurisdictional perspective. Galaxy, while headquartered in the US, is truly global with entities and offices across North America, Europe and Asia, and so will extend CMF’s ability to deliver services where required jurisdictionally.
Our goal is to further improve the provisioning of said NO services over time, with additional maintenance, business continuity + redundancy measures afforded by Galaxy’s globally-distributed engineering, networking, and operational support teams.
We absolutely agree that CMF’s Ethereum and Lido community impact have been exemplary, and thus view this acquisition as a means of pushing Thorsten and the team’s contributions even further. Galaxy’s plan is to take the non-blockchain work off of Thorsten’s plate, so that he can spend more of his valuable time assisting with core development and strategic initiatives.
We view the acquisition of CMF as (1) a means of accelerating our technical capabilities, especially in the Ethereum staking space, and (2) a show of Galaxy’s commitment to the development of the blockchain infrastructure ecosystem at large. We are working on developing best-in-class enterprise-grade (and certified) infrastructure for the largest institutions with Thorsten + team’s help, while also celebrating Thorsten’s commitment to the EthStaker / solo-staker community.
There’s so much ahead, and we’re excited for this journey together.