The Institutional Blockchain Infrastructure Provider BlockDaemon announced the launch of Decentralized Finance (DEFI) and Staking Service, earn a stack.
The new service is designed for institutions to offer defi and Staking opportunities by more than 50 protocols, with access to many defi pools and bridges, the company announced on Thursday.
BlockDaemon claims the new product that allows “secure, non-custodial staking and streamline access to the defi,” in accordance with the recent Guidelines released by the US Securities and Exchange Commission. The company said the focus of this institutional is supported by its claim to the ISO 27001 Cybersecurity Certification and SOC 2 Customer Data Management Standard Compliance.
Konstantin Richter, founder and CEO of Blockdaemon, said, “Crypto-native institutions and protocol developers are requesting grade-institutional infrastructure.” He said the platform guarantees “100% slashing protection, and seamless integration through institutional grade APIs.”
The announcement complies with recent reports that BlockDaemon is Considering a preliminary public offering next year. “Let’s see how 2025 is holding, and I think 2026 will be a year where we might want to pursue something like that,” Richter said at that time.
Related: SEC is faced with Crypto Staking Shift criticism
A broad product
Blockdaemon said the new product offers Defi Ani’s farming in pools pools and throughout the lending protocols as well as proof-of-stake (POS) staking in major protocols. Integration is a-code widget that allows customers to embed multichein staking and defi functionality in their systems with a single integration.
The company also provides internal application programming interface (APIs) for more custom settings. This includes a defi API that combines liquidity and pricing from multiple protocols, a staking API that provides a standard access to staking throughout the blockchains and a staking API reporting to monitor the rewards.
Related: SEC Crypto Staking Guide ‘Main Step forward’ for us: Crypto Council
Staking attracts increasing interest
On Thursday, the Crypto Exchange Kraken also Launched a new bitcoin staking product by a protocol integration with Babylon labs. Staking continues to attract increasing capital volume, with a staked ether supply (Eth) Recently Reaching a full time high of more than 35 million eth.
Kean Gilbert, head of institutional relations with the Lido Ecosystem Foundation, recently said that the growing interest of the institutional in Ethereum staking is The driving demand for careful solutions Applicable to institutions. This will appear to be the drive that BlockDaemon is looking for.
The situation is expected to be more complicated because the analysts exchanged by the funds suggest that the first Ether and Solana (Sol) Staking etf can be on the United States for a few weeks.
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