Swiss-based Taurus and Lido collaborate to enable customers to earn income from holding and staking ETH
Swiss crypto custody firm Taurus has partnered with Lido, a company specializing in staked Ethereum, to provide customers with the opportunity to earn income from holding and staking ETH. The collaboration aims to bridge the gap between digital assets and traditional finance, according to Taurus CMO Victor Busson. While financial institutions are considering Ethereum staking, regulatory uncertainties have hindered adoption. However, Taurus Head of Product Vassili Lavrov believes that FINMA’s guidance on cryptocurrency staking and the anticipated alignment of European jurisdictions signal progress. One key clarification is that locked funds must be accessible to clients at any time. This development highlights the potential for banks with liquid staking, demonstrating growing institutional interest.
Collaboration enables accessibility on banking-grade software
The partnership between Taurus and Lido is particularly significant in terms of accessibility. Marin Tvrdić, Master of Protocol Relations at Lido, emphasizes the importance of collaborating with Taurus to enable accessibility on banking-grade software. For individuals who are unfamiliar with blockchain technology and how to protect their funds, there can be a steep learning curve and risks involved. By leveraging Taurus’s expertise and secure platform, customers can confidently participate in ETH staking without compromising the safety of their funds. This collaboration provides an avenue for more people to engage with staked Ethereum and benefit from the potential income it offers.
Conclusion: Growing institutional interest in Ethereum staking
The collaboration between Taurus and Lido reflects the increasing institutional interest in Ethereum staking. With Taurus’s previous collaborations with major banks like Deutsche Bank and Santander, it is evident that institutions are recognizing the value of integrating digital assets into their offerings. The clarification regarding the accessibility of locked funds further enhances the appeal of liquid staking for banks and their clients. As regulatory uncertainties continue to be addressed and more guidance is provided, the adoption of Ethereum staking is likely to gain momentum. Through partnerships like this, individuals and institutions can unlock the potential of holding and staking ETH, contributing to the growth and development of the crypto ecosystem.
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