Staging Labs provides crypto security solutions. The company has been acquired by Merkle Science to boost North American expansion and enhance real-time crypto security solutions.

Staging Labs (acquired by Merkle Science)

Staging Labs

Team Ignite Ventures

AGBuild

The General Partnership

Horseshoe Capital Partners

Flourish Ventures

Gaingels

Longterm Ventures

NGC Ventures

We are thrilled to see Staging Labs (acquired by Merkle Science) featured in Canada's prominent tech publication! 

Thank you, Isabelle Kirkwood and BetaKit for the coverage and support as we embark on this exciting new chapter with Merkle Science.

Founded by two Canadians, Jake and Francois, Staging Labs has always been driven by a mission to create worldwide impact. This acquisition marks a significant milestone in our journey to safeguard the crypto ecosystem from malicious activities.

With our roots in Toronto & Montreal and strong ties to the Creative Destruction Lab, we are excited to continue expanding our presence and impact both in Canada and globally.

Together with Merkle Science, we look forward to enhancing our real-time technology and making the crypto world safer for everyone.

Exciting news! Staging Labs has been acquired by Merkle Science, the leading challenger in blockchain analytics and forensics. This acquisition is a significant milestone in our mission to protect the crypto space from threats and expand our presence in the US and Canada.

We are immensely grateful to our customers who believed in our vision and our investors who supported us from the very beginning, including The General Partnership, Flourish Ventures, NGC Ventures, AlphaGrep, Gaingels, and crypto founders and angel-operators from Consensys, Coinbase, Anchorage Digital, QuickNode ⚡, and more. Your unwavering support has been crucial in getting us to where we are today.

Merkle Science's global reach and commitment to innovation make them the ideal partner for Staging Labs. This acquisition will enhance Merkle Science's forensics and compliance capabilities, enabling proactive detection and better attribution on EVM chains and Tron. By combining our resources and expertise, we can accelerate the development of real-time mitigation solutions, providing enhanced protection for clients and strengthening the efforts of law enforcement and other partners in combating illicit activities and ensuring regulatory compliance.

The acquisition also allows Staging Labs to leverage Merkle Science's presence to expand our services in the US and Canada. The integration of our technologies and expertise will result in a more robust security platform, increasing our ability to innovate and foster trust in the crypto industry. 

We are excited about this new chapter and the opportunities it brings to better serve our partners in maintaining a safe and compliant crypto ecosystem in North America and beyond.

Link to the announcement in the comments below.

As the saying goes, when one door closes, another opens. After much reflection, we've made the difficult decision to sunset our Saferoot cryptocurrency wallet protection to concentrate efforts on our next innovation - transaction rejection technology for crypto projects and financial institutions.

Though bittersweet, sunsetting Saferoot allows us to redirect energy toward solving a pressing hair-on-fire problem - lack of compliance infrastructure has hampered mainstream blockchain adoption. The initial receptiveness from major financial institutions signals we’re onto something big.

By enabling crypto projects and financial institutions to integrate required guardrails natively into transactions, we open the floodgates to billions in untapped crypto economic activity. It’s a natural evolution of our core expertise and exactly the kind of scalable impact we strive for.

We’re filled with gratitude for the community of users who propelled the Saferoot journey, imprinting invaluable lessons that guide our pivot today.

The road ahead promises to be challenging but profoundly rewarding. We couldn't be more thrilled to push boundaries in empowering crypto projects and financial institutions to harness blockchain’s full innovative power. Onward as we boldly build the future of crypto!

For Saferoot users, we've prepared a thorough FAQ covering the wind-down process, refunds, and other sunsetting details. Please find it in the comments below:

Yesterday's supply chain attack on Ledger’s ConnectKit is a sobering reminder that even companies with strong security practices can be vulnerable. While Ledger devices themselves remain secure, the incident highlights the need for collaboration and layered security in the crypto ecosystem. Saferoot by Staging Labs’ automated response system provides essential safeguards - security layers that serve as a safety net if one layer gets compromised. 

The blockchain community needs to band together, share information, and establish best practices that lift up security for all participants. We support Ledger's transparent communication and responsiveness in addressing this exploit. Let's continue working to prevent future attacks through collaboration. Crypto's future depends on it.

Navigating the crypto space should be a journey of trust and confidence, not a battlefield riddled with scams. Saferoot by Staging Labs emerged in response to the escalating scams that have cast a shadow over the blockchain realm (including experiences by our founder).

It's not just a solution - it's a commitment to securing your crypto ventures. 

If you're new to the crypto landscape, embark on your journey with peace of mind. 

Get Saferoot today to help guide your expedition: https://app.saferoot.io/ #Saferoot #Web3Safety #CryptoProtection"

Are you embarking on the exciting blockchain journey?

Remember, safety is your best friend. 🛡️

At Staging Labs, we built Saferoot—an innovative solution crafted to tackle the rising tide of scams that keep harming users and tarnishing the reputation of Web3. Instead of abandoning the industry, we took it upon ourselves to fix it. Saferoot is your 24/7 digital asset guardian, providing robust protection.

Trade securely, and explore confidently with Saferoot: https://saferoot.io/
#CryptoSafety #BlockchainSecurity #SaferootGuardian

Saferoot by Staging Labs is more than a product; it's a movement towards a future where safety becomes our greatest asset.

We believe in a community that supports and learns from one another, creating a network of individuals united by a common goal - a safer and more inclusive crypto experience.

We’re well overdue for a paradigm shift. Saferoot is a step towards a more secure and collective future. We invite you to be part of this journey, to contribute to a future where security is not just a privilege but a shared responsibility. Let's redefine the narrative together!

🚀 Join us in shaping the future of crypto!

At Staging Labs, we stand firm on the principle that mistakes are an inherent part of being human, even in the dynamic world of crypto. Our journey began with a vision to make the crypto experience safer and more accessible for everyone. We built Saferoot by Staging Labs as part of an initiative reshaping the narrative around security in the crypto industry.

We reject the notion that safeguarding your assets should be a privilege for the few; instead, it should serve as a bridge for the masses. In an industry quick to blame users for lapses in security, we believe in empowering everyone with the tools needed to feel confident and secure. No longer should "learning the hard way" be deemed a necessary rite of passage for newcomers.

The future of crypto belongs to everyone, not just those who can afford to take risks. We envision a crypto landscape where collective experience builds a foundation of wisdom and security. It's time to shift away from the idea that success is reserved for the lucky or those with "insider knowledge." Instead, it belongs to those willing to create it.

Getting scammed was the catalyst for Staging Labs.

This TechCrunch piece by Rita L. dives into the origin story behind Staging Labs and Saferoot. Startups often "dogfood" their own solutions, but Staging Labs co-founder Francois L. learned firsthand the flaws in crypto security when his assets were stolen in a Discord phishing attack. That negative experience laid the groundwork for Saferoot - a platform built so others don’t have to learn the hard way how to protect themselves. After losing his funds, he realized there must be a better safeguard for crypto investors. This revelation fueled the idea behind the development of Saferoot to arm the crypto community against attacks. 

Read Rita Liao’s full piece below: https://lnkd.in/edPfj5yu

At Staging Labs, we believe in two things:

1. The crypto industry is here to stay.
2. Making crypto safe and easy to use is key to its longevity.

While many crypto projects have created innovative tools using blockchain technology to benefit users (creator tools, infrastructure, gaming, AI), the industry has neglected security.

We like to use the analogy of tourism. If a country launched a tourism campaign promoting its hotels, restaurants, and attractions, but tourists became victims of crime, theft, and an unsafe environment, how would that impact that country's tourism industry?

It's the same with crypto. New users arrive like tourists before deciding to engage fully. When led to believe this industry will change their lives, without proper tools to stay safe, it sets them up for disaster.

We built Saferoot to ensure every crypto user stays and does so securely.

STAG

IO:STAGINGLABS

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