Tetra Partners with Kiln to Enhance Staking Service Including Ethereum and Solana
Rebeca Moen Aug 08, 2023 17:30
Tetra Trust partners with Kiln to expand staking services on major PoS blockchains, including Ethereum and Solana, enhancing digital asset management in Canada.
Tetra Trust Company (Tetra), Founded in 2019, Canada's only licensed custody solution for digital assets, has announced the rollout of increased staking functionality through its strategic partnership with Kiln, a leading enterprise-grade staking platform.
The Tetra-Kiln Partnership
Starting today, Tetra clients can stake their assets with Kiln on the main Proof-of-Stake (PoS) blockchains such as Ethereum (ETH), Solana (SOL), Polygon (MATIC), Cardano (ADA), and Tezos (XTZ). This collaboration aims to provide secure and efficient methods for institutional clients to actively participate in blockchain networks and earn rewards on their digital asset holdings.
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake assets, and to whitelabel staking functionality into their offering. Kiln runs validators on all major PoS blockchains, with over $2.2 billion of stake under management and over 3% of the Ethereum network.
Kiln, known for its high standards of operational excellence, manages over $2 billion worth of staked assets and is SOC 2 Type II certified. "We are excited to offer our clients staking opportunities thanks to our collaboration with Kiln," says Didier Lavallée, CEO at Tetra. "The solution Kiln brings to the table is quite impressive, not only does Kiln meet our security and technical requirements, their all-encompassing capabilities make it a robust solution to offer our clients."
Laszlo Szabo, CEO at Kiln, stated, "We strive to enable institutions to access staking. Being our first enterprise-grade custodian partner in Canada, we're thrilled to collaborate with Tetra, with whom we share common values."
Understanding the Staking Opportunity
In PoS blockchains, staking consists of locking native tokens to earn the right to help secure the chain via a validator. Staking plays a crucial role in network security, governance, and contributes to the growth of the Web3 ecosystem. By staking, token holders can earn rewards and grow their digital asset holdings.
This collaboration marks a significant milestone in both companies' commitment to delivering the highest standards of security and service for institutional and corporate clients.
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