Deutsche Börse’s Crypto Finance teams up with Figment for staking ETH, ADA, DOT, SOL

Rick Steves

“Our institutional clients can now benefit from a more comprehensive, best performing, and most reliable staking partner and can potentially gain access to a broader range of staking networks beyond Ethereum.”

Crypto Finance has teamed up with Figment to create the optimal place for an institution to buy, store, manage, and stake ETH and other digital assets.

The partnership will see the combination of Crypto Finance’s fully integrated platform with Figment’s complete staking architecture, resulting in clients being able to take ETH, in addition to Cardano, Polkadot, and Solana.

This solution allows institutional clients to receive the MEV-boosted rewards directly into their Crypto Finance segregated wallet, ensuring the highest level of security for staked assets throughout the entire end-to-end process.

In addition, Figment’s SOC2 certified ETH architecture and “Safety over Liveness” approach minimizes the risk of slashing.

Figment becomes Crypto Finance’s only third party staking provider

Jan Brzezek, Founder and CEO of Crypto Finance, commented: “The partnership allows Crypto Finance to enhance its protocol staking offering by leveraging Figment’s leading staking infrastructure. Our institutional clients can now benefit from a more comprehensive, best performing, and most reliable staking partner and can potentially gain access to a broader range of staking networks beyond Ethereum. This expands their options for staking different digital assets and potentially earning staking rewards on multiple blockchains.”

Eva Lawrence, Head of EMEA at Figment, stated: “We are happy to announce our partnership with Deutsche Börse backed Crypto Finance as their only third party staking provider. Both Figment and Crypto Finance are focused on providing leading solutions in the digital asset space. Together we will enable Crypto Finance’s clients to generate secure and stable rewards for their customers and help fuel innovation and growth across Proof-of-Stake ecosystems.”

Crypto Finance is a FINMA-regulated partner of financial institutions, and part of Deutsche Börse Group, founded in 2017. The firm claims that, by using its staking service, institutional clients can also benefit from inflation protection while claiming rewards for their active participation in a blockchain network’s proof-of-stake consensus mechanism.

CFTC-registered FalconX executed staking-yield swap with Figment

FalconX has recently executed a staking-yield swap with Figment. Similarly to an interest rate swap, the staking-yield swap offers an exchange of a fixed interest payment for a floating rate payment. The yield received is tracked within a blockchain wallet, has an immutable record and can be viewed by anyone in possession of the public blockchain key.

The new product has gone live following FalconX’s recent registration as the first and only CTFC registered swaps dealer and crypto-focused Primary Level Members of the International Swaps & Derivatives Association (ISDA).

Through this offering, executed through FalconX subsidiary Solios Inc., FalconX is creating a new category of crypto swap for the underserved derivatives market, enabling clients to earn yield through staking tokens without exposure to the volatility of the token itself and providing safe and regulated trading through a tracked blockchain wallet.

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