ConsenSys, an Ethereum and
decentralized protocols software company, has launched what it called the first
marketplace for institutional cryptocurrency staking . The marketplace was
launched under MetaMask Institutional, the multi-custodial institutional web3
wallet developed by ConsenSys.
ConsenSys disclosed in a blog update published on Wednesday
noted that the marketplace was launched in partnership with non-custodian staking and
blockchain node infrastructure provider, Allnodes, blockchain infrastructure
firm, Blockdaemon, and enterprise-grade staking platform, Kiln. The
institutional staking marketplace is also supported by ConsenSys Staking, the
software company’s technology for staking.
In addition, ConsenSys noted that the marketplace has been integrated
with 11 custody and self-custody platforms across the world in order to provide
institutional investors with “seamless and unrivalled access to staking providers.”
Speaking on its motive for
introducing MetaMask Institutional, ConsenSys explained that institutional investors have been discouraged
from participating in stalking as a result of varying fees, terms
and conditions, rebates and reporting standards offered by vendors. In
addition, various staking service providers offer different benefits to
institutions in areas such as infrastructure and certification, among others.
However, the company says its marketplace was designed to address…
