P2P.org, a staking service provider, announced the launch of its Staking-as-a-Business (SaaB) solution designed specifically for institutions. This new offering allows platforms such as exchanges, digital wallets, and custodians to incorporate staking and decentralized finance (DeFi) functionalities into their businesses, thereby expanding opportunities for growth.
Investing in cryptocurrencies through staking enables you to generate passive income without having to part with your assets. The process is similar for institutional investors, who can do this on a larger scale. You have the option to choose between non-custodial and custodial staking providers.
In addition to providing infrastructure setup, the Software-as-a-Business (SaaB) model will also include assistance with marketing, law, and sales. (Or) The SaaB model goes beyond just infrastructure setup; it provides marketing, legal, and sales support as well.
Artemiy Parshakov, the head of product at P2P.org, stated, “Our comprehensive assistance facilitates an effortless shift for businesses exploring staking and DeFi offerings, ensuring a prosperous and rewarding execution.”
Last April, P2P.org managed to secure $23 million in funding from three prominent figures in the cryptocurrency industry through Jump Crypto. In the past year, there have been several other emerging companies focused on institutional staking that have come into existence. One of these is Northstake, which received $3 million in investment from PreSeed Ventures.
P2P.org is a validator for Ethereum and 30 other blockchains, according to the press release.
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2024-04-10 16:11