P2P.org has become a validator on the Canton Network, a Blockchain platform for institution’s finances that holds more than $ 4 trillion in tokenized assets. As a validator, P2P.org will operate nodes that confirm and record network transactions.
Launched in May 2023, Canton was a blockchain platform developed to support regulated institutions, emphasizing real-world assets (RWA) tokenization, interoperability and compliance with compliance standards.
The move increases P2P.org – a staking infrastructure provider reporting management of more than $ 10 billion in possessions more than 40 blockchain networks – on a growing list of participants in the Canton ecosystem, including Goldman Sachs, JPMorgan, Citi, Santander, Bank of America, HSBC and BNP Paribas.
Jonathan Reisman, product manager at P2P.org, told Cointelegraph that many blockchains were not designed with institutional requirements, slowing down the adoption of traditional finances.
However, Reisman said solutions such as the Canton Network bring “companies to an ecosystem where tokenization of property, safe trading, and even innovations like BTC wrapping can be developed in a way that aligns with institutional standards.”
He added, “Validators only process the transactions that they are a party and keep them in their own ledger. It makes privacy more straightforward and friendly.”
Related: P2P.org expands staking services with ton integration
The institutional staking on the rise
For the most part Proof-of-stake blockchainValidators earn for network secure through staking tokens. In other words, validators locked crypto in exchange for yields.
Staking has become one of the dominant trends in the industry this year, with a broader push of institutions on networks such as Ethereum and other public blockchains.
Instead of following the proof-of-stake model payment of validators through staking yields, the Canton network releases native token, Canton coins, which aligns with how participants contribute to network activity. Infrastructure providers receive 35%of the distribution, application developers 50%, and users of 15%.
According to In Canton, the design is meant to tie the rewards to actual use and network contact. Each application also has flexibility to set its own level of openness and confidentiality.
Like Canton, more protocols build the blockchain infrastructure to address institutional demand. In February, Lido launched its V3 upgrade In “stvaaults,” modular contracts designed to provide institutions of more control and compliance features, citing the growing demand from institutions.
Most recently -So, Anchorage Digital Anchorage added Institutional caution and staking For Starknet’s Strk token. The service was launched with an initial yield of 7.28% APR.
The development of US regulation helps to boost the needs of investors for crypto yield.
In August, the Securities and Exchange Commission (SEC) issued New guide to liquid staking.
The SEC said these receipt tokens do not form security offerings under certain conditions, an executive of the decision industry described as a win for both the DEFI and institutions.
