Tetra Trust partners with Kiln to offer institutional clients secure staking on major PoS blockchains, enhancing blockchain security and potential rewards.
Key Points
- Tetra Trust partners with Kiln, a prominent staking platform, enabling clients to stake assets on major PoS blockchains.
- Kiln manages $2.2 billion stake, validates Ethereum, among other chains, offering robust staking solutions.
- Tetra’s CEO excited about secure staking opportunities; Kiln sees shared values in collaboration.
- Staking enhances blockchain security and rewards, solidifying Tetra-Kiln partnership for institutional clients’ benefit.
Tetra Trust Company, which is Canada’s only licensed custody solution for digital assets, has announced a new partnership with Kiln, a leading enterprise-grade staking platform.
This partnership will allow Tetra clients to stake their assets with Kiln on major Proof-of-Stake (PoS) blockchains such as Ethereum, Solana, Polygon, Cardano, and Tezos.
The goal of this collaboration is to provide secure and efficient methods for institutional clients to participate in blockchain networks and earn rewards on their digital asset holdings.
🙏 We are more than happy to announce our new partnership with @TetraTrust, Canada’s only licensed custody solution for digital assets!
👥 @TetraTrust customers can now stake their assets with Kiln on the leading Proof-of-Stake blockchains including Ethereum, Solana, Polygon,… pic.twitter.com/KDTZx9d6p8
— Kiln 🧱🔥 (@Kiln_finance) August 8, 2023
Powerful Staking Platform
Kiln is widely recognized as a leading staking platform for institutional customers.
They enable these customers to stake assets and integrate staking functionality into their own offerings. Kiln operates validators on all major PoS blockchains and manages over $2.2 billion worth of stake, with over 3% of the Ethereum network under its management.
Tetra is excited about this partnership and the staking opportunities it will bring to their clients. Didier Lavallée, Tetra’s CEO, expressed his enthusiasm for Kiln’s impressive solution, which not only meets their security and technical requirements but also provides comprehensive capabilities for their clients.
Concluding Thoughts
Laszlo Szabo, CEO at Kiln, confirmed their commitment to enabling institutions to access staking. Kiln is particularly thrilled to collaborate with Tetra as their first enterprise-grade custodian partner in Canada, citing shared values as the basis of their partnership.
Staking in PoS blockchains involves locking native tokens to contribute to the security of the chain as a validator.
This is an essential component of network security, governance, and the overall growth of the Web3 ecosystem. By staking, token holders can earn rewards and increase their digital asset holdings.
This partnership between Tetra and Kiln signifies a significant milestone for both companies, demonstrating their commitment to delivering the highest standards of security and service for institutional and corporate clients.
