Blockdaemon and Ledger hardware wallet have formed a strategic partnership to offer institutional clients top-notch staking solutions, enhancing the security and reliability of the service. The collaboration aims to provide customised stacking solutions for Ledger Enterprise’s corporate and institutional customers. Ledger’s expertise in institutional-grade hardware security solutions will ensure maximum security for staking activities, while Blockdaemon’s blockchain infrastructure management will further strengthen the level of security. The partnership also focuses on improving the reliability of the staking infrastructure to minimize downtime and maximize rewards. Additionally, the collaboration aims to simplify the staking experience by leveraging Ledger Enterprise’s key management capabilities and Blockdaemon’s infrastructure. The partnership also aims to drive awareness among institutional investors about the benefits of staking in blockchain networks.
The President of Blockdaemon, Jeff Hasselman, stated that the partnership with Ledger Enterprise will elevate the staking landscape by offering a secure, reliable, and efficient staking experience. Sebastien Badault, VP of Enterprise at Ledger, expressed excitement about bringing hardware security expertise to the table and providing institutional clients with a secure and user-friendly staking solution.
In conclusion, the partnership between Ledger and Blockdaemon will deliver secure staking solutions that enhance security, reliability, and promote wider adoption of staking within the institutional community.
In another news report by Messari, it was highlighted that XRP Ledger showed growth in some areas and potential challenges in others during Q3. Following the Ripple vs. SEC decision confirming XRP as not a security, market capitalization increased 11.9% quarter-over-quarter (QoQ) and 59.9% year-over-year (YOY). The token became the fifth largest cryptocurrency by market capitalization at $3 billion. Despite average daily values of transactions and active addresses reaching annual lows in Q3, there was a net increase of around 3 million accounts, totaling 125 million accounts. The report also discussed technical complexities in the XRP Ledger, particularly the spike in activity caused by active recipient metrics and the discrepancy between active recipient and sender addresses. Messari also detailed the transaction landscape of the XRP Ledger, including various types of transactions such as payment transactions and NFT burns.
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