Nethermind

Nethermind

Provides Ethereum infrastructure, engineering, and services

Overview

Nethermind delivers blockchain research, software engineering, and infrastructure for Ethereum and related ecosystems, combining open-source development with enterprise services. Its flagship Nethermind client is a high-performance Ethereum execution client built on .NET that runs on numerous nodes, achieves fast synchronization, and uses a modular plugin architecture for flexibility. The company differentiates itself through deep ties to StarkWare and Cairo tooling, enterprise-grade security and formal verification offerings, plus a suite of tools like Juno and Voyager, and Blockchain-as-a-Service for institutions. Its goal is to advance decentralized systems by providing core infrastructure, developer tooling, and professional services that help developers, enterprises, and regulated markets deploy scalable, compliant on-chain solutions.

About Nethermind

Simplify's Rating
Why Nethermind is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consulting

Enterprise Software

Cybersecurity

Crypto & Web3

Company Size

51-200

Company Stage

Grant

Total Funding

$550K

Headquarters

London, United Kingdom

Founded

2017

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Simplify's Take

What believers are saying

  • UBS and Nethermind completed Sepolia compliance proofs on June 23, 2026.
  • SMBC Nikko and Nethermind prototyped DeFi access gateways for agentic AI on March 6, 2026.
  • Nethermind implemented Stellar's RISC Zero Groth16 verifier, expanding into ZK-enabled payments infrastructure.

What critics are saying

  • LayerZero exit on August 19, 2026 exposes revenue dependence on partner infrastructure churn.
  • Chainlink node-operator work commoditizes Nethermind into replaceable plumbing beside larger oracle incumbents.
  • If Ethereum client adoption slips, Nethermind loses its core moat and institutional credibility.

What makes Nethermind unique

  • Nethermind runs a top Ethereum client, supporting 16,000+ validators and $5 billion delegated assets.
  • Its formal verification team shipped Lean-based proofs for zkVMs and RISC-V systems in 2026.
  • Nethermind bridges infrastructure and institutions, from UBS compliance pilots to Chainlink CCIP node operations.

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Funding

Total Funding

$550k

Above

Industry Average

Funded Over

2 Rounds

Grant funding comparison data is currently unavailable. We're working to provide this information soon!
Grant Funding Comparison
Coming Soon

Benefits

Hybrid Work Options

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

6%

1 year growth

4%

2 year growth

4%
Nethermind
Aug 25th, 2026
Auditing Holonym's Aztec Bridge.

Auditing Holonym's Aztec Bridge. The challenge: bringing compliant privacy to cross-chain transfers. Holonym's Aztec Bridge allows users to move ERC-20 tokens from Ethereum to Aztec L2 while presenting Proof of Humanity and Proof of Clean Hands credentials. The result is a bridge that supports compliant private minting and withdrawals on either layer, with sensitive account details shielded by Aztec's native privacy features. The design sits at the intersection of three difficult domains: cross-chain bridging, zero-knowledge cryptography, and credential-based access control. A signature scheme designed for one purpose can be quietly reusable for another. A state variable with the wrong update semantics can open a window for double-spending. Privacy guarantees can leak through subtle metadata channels. Holonym engaged Nethermind Security to review the bridge contracts on both Ethereum and Aztec, examine the cryptographic constructions, and assess whether the architecture held up against the threats specific to compliant privacy systems. Key technical challenges. Several factors shaped the scope of the engagement: * Reviewing Solidity contracts on Ethereum alongside Noir contracts on Aztec, with different execution models and state semantics on each side. * Assessing privacy guarantees end-to-end, including whether any user-identifying data could leak through public state or transaction metadata. * Verifying Sybil resistance, given that the bridge relies on Human Passport's Proof of Humanity to enforce one-person-one-account behaviour. * Checking for double-spend and replay vectors across nonces, signatures, and credential reuse. * Constraining proof size and generation time so that proofs remain practical to produce in a local browser environment. The combination of Aztec's DelayedPublicMutable state semantics, signature reuse across the broader Holonym ecosystem, and the cross-chain message flow produced several non-obvious attack paths. Findings that mattered. Its review uncovered issues across several risk areas: * Aztec state update semantics: Several DelayedPublicMutable variables were configured with delay values too short for reliable use, and one nonce-tracking variable used DelayedPublicMutable where stale reads could allow the same nonce to be consumed by concurrent transactions. Both issues stemmed from the gap between when an update is scheduled and when it takes effect on Aztec. * Signature scope and replay protection: The actionId used during signature verification was not bound to the bridge, meaning signatures issued for other Holonym use cases could be replayed against the bridge contract. This weakened the Sybil protection the credential system was designed to provide. * Cryptography and circuit efficiency: Beyond correctness, Surge examined the ZK circuits for opportunities to reduce proof generation time without compromising the privacy properties, since proofs are generated client-side. * Access control and credential verification: Surge checked that signature verification, credential checks, and contract access paths were consistently enforced across both the Ethereum and Aztec sides of the bridge. These findings were reviewed with the Holonym team and resolved before deployment, with architectural changes applied where simple patches would not have addressed the root cause. Its process. Nethermind Security conducted a full audit of the Holonym Aztec Bridge, covering Solidity contracts on Ethereum and Noir contracts on Aztec. The review combined manual analysis of the smart contracts with a focused assessment of the privacy and cryptographic guarantees, drawing on its team's experience with the Aztec network. Surge worked through the codebase function by function, mapping the cross-chain message flow and credential verification logic, and produced a proof-of-concept for the most severe finding to confirm exploitability. Communication ran on a biweekly cadence through scheduled calls, with async discussion in between for clarifications and follow-ups. Alongside security findings, Surge shared optimisation suggestions aimed at reducing proof generation time, which matters for users generating proofs locally. Total findings: 6 * 1 Critical * 2 High * 3 Medium All vulnerabilities were resolved before deployment. The outcome: A bridge ready for compliant private transfers. The engagement closed with all critical and high severity issues resolved, alongside the medium findings. The architectural changes around DelayedPublicMutable state and actionId binding closed off the most consequential attack paths, while the cryptography review contributed performance improvements to the proof system. A secondary outcome was a finding in the Aztec documentation itself, identified during the review and surfaced back to the Aztec team. The Holonym team moved quickly on remediation, and the architectural decisions made during the engagement strengthened the bridge against both privacy and Sybil-related risks. "Privacy tech is high stakes. Users depend on apps to keep them safe. Apps depend on the protocol to operate as designed. And protocols depend on their maths and design assumptions to hold up in the real world. Navigating this as a builder is difficult on your own. Working with Nethermind was a great experience to close the gap from assumptions to real world production-ready code" Shady El Damaty - CEO, Holonym Work with Nethermind Security. Nethermind Security audits the protocols securing billions on-chain. If you are shipping something that needs to hold up, let's talk.

CoinCentral
Aug 19th, 2026
Nethermind moves cross-chain operations from LayerZero to Chainlink.

Nethermind moves cross-chain operations from LayerZero to Chainlink. Nethermind joins Chainlink as a node operator after ending its LayerZero verifier role. By Yasmin Werner August 19, 2026 3 Mins Read Tldr. * Nethermind shifts cross-chain operations from LayerZero to Chainlink after review. * Nethermind joins Chainlink as a node operator supporting CCIP and Data Feeds. * Chainlink gains Nethermind as another major provider of cross-chain infrastructure. * Nethermind ends its LayerZero verifier role and focuses cross-chain work on CCIP. * Nethermind brings Ethereum engineering expertise to Chainlink's growing network. Nethermind has moved its cross-chain operations from LayerZero to Chainlink after completing an extensive infrastructure review. The blockchain engineering company will operate Chainlink nodes supporting CCIP and its widely used Data Feeds. The move strengthens Chainlink's infrastructure network as financial institutions expand their use of public blockchain systems. Nethermind shifts cross-chain infrastructure to Chainlink. Nethermind will serve as a Chainlink node operator and strategic technology provider under the new arrangement. The company will provide infrastructure services, engineering tools, and integration support for teams building blockchain applications. Meanwhile, its cross-chain operations will focus on Chainlink's Cross-Chain Interoperability Protocol, known as CCIP. CCIP supports token transfers and messaging between separate blockchain networks through Chainlink's decentralized infrastructure. Chainlink also uses independent node operators and risk controls to monitor cross-chain transactions across supported networks. Therefore, Nethermind will apply its existing blockchain engineering experience to infrastructure supporting those services. The company previously operated decentralized verifier infrastructure within LayerZero's cross-chain messaging system. LayerZero allows applications to select decentralized verifier networks that confirm messages moving between different blockchains. However, Nethermind has now ended that verifier role and shifted its cross-chain infrastructure operations toward Chainlink. LayerZero security debate adds industry context. The migration follows several major cross-chain infrastructure changes involving LayerZero and Chainlink during 2026. In April, attackers exploited Kelp DAO's LayerZero-powered bridge and drained about $290 million in rsETH. The incident involved a forged cross-chain message and a configuration relying on a single verifier. Kelp DAO later moved rsETH cross-chain infrastructure to Chainlink while disputing LayerZero's description of its security configuration. LayerZero rejected those claims and said the project had changed from multiple verifiers to one verifier. LayerZero subsequently introduced stronger requirements for applications using its decentralized verifier network model. Still, Nethermind has not linked its decision directly to the Kelp DAO incident or another LayerZero security event. Its announcement described the migration as the result of an extensive review and long-term infrastructure planning. The company also did not publish technical criteria used to compare Chainlink and LayerZero during that review. Chainlink gains more cross-chain infrastructure support. Other major organizations have also moved cross-chain operations toward Chainlink during recent months. BitGo selected CCIP as the exclusive cross-chain infrastructure for Wrapped Bitcoin after previously using LayerZero. Aave also expanded its CCIP integration for deposits, withdrawals, vault rebalancing, and other cross-chain asset movements. Wyoming's Stable Token Commission completed another LayerZero-to-Chainlink migration on August 18 after conducting a state security review. The commission selected CCIP as the exclusive cross-chain provider for its Frontier Stable Token. However, Wyoming did not publish the complete technical findings from its infrastructure assessment. Nethermind brings significant Ethereum infrastructure experience into Chainlink's expanding network of independent node operators. Founded in 2017, the company develops an Ethereum execution client and provides security, research, and institutional blockchain services. Its new role extends that work into oracle infrastructure and cross-chain systems supporting institutional blockchain adoption. Yasmin is a crypto content analyst and writer with over 2 years of experience. She has a strong understanding of the crypto market and blockchain technologies. As an avid trader who stays updated on the latest trends and news, Yasmin delivers insightful and informative content. August 19, 2026

Crypto-Economy
Aug 19th, 2026
Nethermind ends LayerZero verifier role after review, moves to Chainlink.

Nethermind ends LayerZero verifier role after review, moves to Chainlink. * Carrillo J.M. * Published: August 19, 2026 * 11:33 pm * Updated: August 19, 2026 * 11:33 pm Table of Contents * Cross-chain shift: Nethermind is leaving its LayerZero verifier role and migrating operations to Chainlink after an extensive review. * Security context: the protocol's move follows months of industry realignment after the Kelp DAO rsETH exploit that caused $292 million in losses. * Long-term strategy: the company will operate as a Chainlink node provider, expand engineering support, and continue developing Ethereum infrastructure while offering updates on its migration timeline. Nethermind is shifting its cross-chain strategy after completing what it described as an extensive review of its role within the LayerZero ecosystem. The engineering firm confirmed it is leaving its position as a verifier and consolidating its operations under Chainlink, marking one of the most notable cross-chain realignments in recent months. Nethermind has joined the @chainlink Network as a node operator and strategic technology provider, helping secure CCIP and Data Feeds as part of a joint mission to bring institutions onchain securely. https://t.co/SAqDnCGHQP - Nethermind (@Nethermind) August 19, 2026 Strategic migration toward Chainlink. Nethermind said it has moved away from its DVN responsibilities and joined the Chainlink Network as both a node operator and a strategic technology provider. DVNs serve as independent validators that check message integrity across LayerZero-powered systems. By transitioning to Chainlink, the company will now contribute engineering tools, infrastructure services, and integration support for teams building blockchain applications. A Chainlink spokesperson said the decision highlights a broader shift toward secure-by-default architectures as institutional interest in onchain finance accelerates. Nethermind is among several firms that have redirected cross-chain operations to Chainlink following the April exploit on Kelp DAO's rsETH bridge, which resulted in the loss of 116,500 rsETH valued at about $292 million at the time. It remains unclear whether Nethermind began its review in response to the exploit. The firm did not immediately comment, and the announcement did not cite a specific technical issue with LayerZero or disclose financial terms related to the migration. Engineering footprint and long-term direction. Founded in 2017, Nethermind has grown into a major Ethereum engineering provider with more than 200 employees. The firm develops one of Ethereum's primary execution clients and says its software supports over 16,000 validators and more than $5 billion in delegated assets. Its infrastructure is used by projects including EtherFi, Gnosis, Lido, StarkWare, World and Arbitrum. Nethermind also works on security, formal verification and institutional-grade blockchain infrastructure. CEO Daniel Celeda said the company is making a long-term commitment to Chainlink for its cross-chain operations. He emphasized that running node infrastructure requires reliability and aligns with the firm's engineering philosophy. Nethermind said it will share updates throughout the migration but did not provide a timeline for completion.

CoinTrust.com
Jun 23rd, 2026
UBS and Nethermind complete Ethereum compliance pilot.

UBS and Nethermind complete Ethereum compliance pilot. Proofs of concept explore public blockchain for regulated finance. Reading Time: 3 mins read UBS has successfully completed two proof-of-concept projects in collaboration with blockchain engineering firm Nethermind, demonstrating how the public Ethereum network could support the operational and regulatory requirements of financial institutions without modifying its underlying protocol. The pilot initiatives were designed to evaluate whether public blockchain infrastructure can accommodate the strict compliance standards required by banks and other regulated organizations. According to the participating companies, the results represent an important step toward making public blockchain technology more accessible to the traditional financial sector. The two proof-of-concept projects demonstrated that regulated financial institutions can implement compliance controls on top of the public Ethereum network while preserving its openness, neutrality, and interoperability. Compliance built without changing Ethereum. A central objective of the collaboration was to determine whether financial institutions could satisfy regulatory obligations without altering Ethereum's core architecture. The partners reported that the tests showed compliance measures can be integrated into the operational systems used by banks rather than embedded within the blockchain protocol itself. This approach allows institutions to maintain compatibility with the broader Ethereum ecosystem while meeting governance, risk management, and regulatory expectations. By keeping the underlying network unchanged, the solution supports broader interoperability and avoids fragmenting the public blockchain environment. Custom controls and transaction routing tested. The project focused on two critical stages of blockchain transaction processing. First, UBS and Nethermind configured an Ethereum node capable of applying customizable compliance and risk management controls. These controls included restrictions that allowed transactions only from pre-approved wallet addresses while preventing interactions with selected smart contracts based on institutional policies. Second, the teams developed a routing component designed to send approved transaction bundles through relay services directly to selected builders, helping ensure that validated transactions were reliably included on the blockchain. The pilots, conducted on Ethereum's Sepolia test network, consistently processed compliant transactions without involving any live client activity, highlighting the potential for institutional-grade blockchain operations. Supporting digital and tokenized asset strategies. According to UBS, the initiative aligns with its broader strategy of expanding capabilities in digital and tokenized assets through a responsible and client-focused approach. The bank indicated that the project demonstrated how institutional controls and public blockchain interoperability can coexist without compromising Ethereum's fundamental principles of openness and neutrality. Nethermind also viewed the collaboration as a significant achievement, noting that the results illustrate how infrastructure-level solutions can satisfy institutional requirements while preserving the accessibility and interoperability of public blockchain networks. The collaboration highlights a growing industry shift toward leveraging public blockchain infrastructure instead of isolated private networks, enabling regulated institutions to access digital asset ecosystems while maintaining compliance and governance standards. Public blockchain adoption gains momentum. The successful completion of the pilots reflects a broader trend within the financial industry, where banks and other regulated organizations are increasingly evaluating public blockchain technology for digital asset applications. Rather than relying exclusively on private blockchain systems, institutions are exploring methods that combine the transparency and connectivity of public networks with robust compliance frameworks. Both UBS and Nethermind indicated that they intend to build upon these proof-of-concept projects as blockchain technology and regulatory frameworks continue to evolve, potentially paving the way for wider adoption of public blockchain infrastructure in traditional financial services.

UBS
Jun 23rd, 2026
UBS and Nethermind complete compliance proofs of concept on Ethereum.

UBS and Nethermind complete compliance proofs of concept on Ethereum. Zurich 23 Jun 2026, 09:00 CEST Media Releases Americas Media Releases APAC Media Releases Global Media Releases Switzerland Media Releases EMEA Investor Releases UBS and Nethermind today announced they have completed two joint proofs of concept (PoC) showing that the public Ethereum network can support the operational and compliance needs of regulated financial institutions. This is a novel initiative that demonstrates an important step forward in making Ethereum infrastructure easier for heavily regulated financial institutions to use.

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