Institutional staking firm and validator P2P.org has partnered with the OKX exchange to launch crypto staking services for institutional clients.
This collaboration aims to provide institutional-grade staking services for assets such as Polkadot, Kusama (KSM), Celestia (TIA), and Cardano.
P2P representatives told Cointelegraph, “Staking with OKX enables eligible users to enjoy an APR without the hassle of setting up new nodes,” highlighting the common barriers institutions face in the crypto staking market.
They pointed out that the steep learning curve, significant time investment, and high costs of running a node are major obstacles preventing businesses from benefiting from the yields offered by digital assets.
In April, P2P.org achieved a total value locked (TVL) of $7.5 billion and launched its “staking-as-a-business” (SaaB) model, designed to lower entry barriers for institutional clients.
Alex Esin, CEO of P2P.org, told Cointelegraph, “Our objective is to assist in the establishment or amplification of staked assets within institutional products, ensuring that staking contributes a minimum of 10% to total revenue, ideally reaching 20%.”
Models like P2P’s SaaB, crypto exchange-traded products, and exchange-traded funds (ETFs) are increasingly popular among institutional investors and traditional financial institutions.
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These options enable institutional players to gain exposure to the crypto markets without needing to master the technical complexities of digital assets.
According to the recent CoinShares “Digital Asset Fund Flows” report, inflows into crypto ETFs and products reached $2 billion in May 2024, bringing the year-to-date total to over $15 billion in capital invested.
Institutional interest in crypto surged after the approval of a spot Bitcoin ETF in the United States, with major asset managers like BlackRock offering BTC exposure to their clients.
This renewed interest in digital asset investment has extended to other sectors.
Pension fund managers, for example, are diversifying their portfolios by including Bitcoin.
A recent Securities and Exchange Commission filing revealed that the State of Wisconsin Investment Board (SWIB), managing Wisconsin’s state pension system, held approximately 2.4 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) and over 1 million shares of Grayscale’s Bitcoin Trust (GBTC), amounting to a $164 million investment in Bitcoin.
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