Share this article
China’s Blockchain Infrastructure Services Provider BSN Adds Casper to Network
Casper is an Ethereum competitor that aims to launch in the first quarter of 2021.
By David Pan
Updated Sep 14, 2021, 12:08 p.m. Published Feb 8, 2021, 4:35 p.m.
China’s Blockchain-Based Service Network (BSN) announced that it has integrated with the Casper Network, a layer-1 proof-of-stake (PoS) blockchain that forked from Ethereum.
STORY CONTINUES BELOW
The integration means the Casper Network will be available to developers on BSN after its mainnet launch in the first quarter of 2021, according to the firm’s press statement, which was shared with CoinDesk.
The partnership is part of BSN’s efforts to become a global blockchain infrastructure services provider. The state-backed project aims to offer cloud services and a standardized development environment, where decentralized applications (dapp) developers across various blockchain networks can build or run their dapps on the same platform.
BSN was co-founded by Chinese state-owned telecom giant China Mobile, UnionPay and IT startup Red Date in April 2020. It has integrated some of the most popular blockchain networks, including Ethereum, Cosmos and Palkdot. BSN claimed its inclusive platform can help dapp developers reduce operational costs and improve flexibility with regulatory oversight.
Read more: China’s BSN Onboards EY for Ethereum Compliance Tools
"Casper is the first fully decentralized, scalable and highly secure proof-of-stake blockchain,” Mrinal Manohar, CEO and co-founder of CasperLabs, said in the statement. “Via our close partnership with BSN, we look forward to helping promote the continued adoption of this important public technology across global markets."
As one of many possible Ethereum competitors, the Casper Network hopes to improve security without sacrificing the scalability as a PoS network. Advised by Ethereum Foundation’s researcher Vlad Zamfir, the Casper Network has raised $14.5 million via a Series A funding round in 2019 from investors such as Arrington XRP Capital and Hashkey Capital.
CasperLabs partnered with Singapore-based exchange BitMax to launch a token sale for retail investors in March 2020. The exchange predominantly offers trading services to traders in China, Vietnam, South Korea, Russia and India.
“We are confident in both the Red Date and CasperLabs teams to spearhead the adoption of the Casper network and blockchain technology in China,” Omer Ozden, Chairman of RockTree Capital, which invested in CasperLabs’ Series A round, said in the statement.
Read more: CasperLabs Pivots Away From Ethereum to Fundraise With Its Blockchain
More For You
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.
More For You
U.S. Senate's Crypto Market Structure Bill Gets Messy as Calendar Weighs Down
The White House has shut down proposals, and lawmakers are circulating the Democrats' asks in what had been a close negotiation, revealing 11th-hour pressure.
What to know:
- Democrats shared a response to Republicans outlining their continuing priorities for a crypto market structure bill, which they said was intended to "reach an agreement and proceed towards a mark-up."
- The document laid out concerns with financial stability, market integrity and public officials' ability to trade and profit off of crypto, echoing concerns laid out in a framework Democrats shared in September.
- The Senate is running out of time in the Congressional calendar to hold a markup hearing — a key step toward progressing the bill — before 2025 ends.
Top Stories
