Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.
said it has gone live with its Staking-as-a-Business model for institutions. The offering aims to help platforms like exchanges, wallet providers and custodians add staking and decentralized finance services to their businesses to diversify avenues of growth.allows cryptocurrency investors to put their holdings to work by earning passive income without needing to sell them. Institutional staking operates in the same manner but en masse. There are non-custodial and custodial staking providers.
As well as staking infrastructure, the SaaB model will offer support services such as marketing, legal and sales support, a press release said. "This holistic support ensures a smooth transition for businesses venturing into staking & Defi services, guaranteeing a successful and profitable implementation,” said Artemiy Parshakov, head of product at$23 million in funding last April from a trio of crypto industry heavyweights including Jump Crypto.
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