Latest News
GSR and DV Chain join Northstake’s transformative tokenized ETH staking initiative
Institutional investors staking ETH can now liquidate Ethereum mainnet validator nodes in a matter of hours instead of days, while fully adhering to the relevant regulatory requirements.
COPENHAGEN, Denmark, May 30, 2024 /PRNewswire/ — Northstake, a regulated custodial virtual asset service provider offering compliant staking products for institutions, is launching its first version of tokenized ETH staking on Mainnet. This follows a successful pilot run on Ethereum’s testnet Holesky. Northstake, which the Danish Financial Authority regulates, now enables institutions to liquidate their Ethereum validator nodes within hours instead of days.
Northstake announced GSR and DV chain as the first leading market makers to join its tokenized ETH staking solution. ETFs or regulated funds can now utilize tokenized staking to bring in liquidity when unbonding ETH. This is enabled by the participating market makers buying the validator node’s balance of ETH, effectively paying liquid ETH for a validator node balance subject to the exit and withdrawal queue.
Jesper Johansen, CEO of Northstake, said: “Today’s news sees several key market makers joining Northstake to create the only compliance-focused ETH validator marketplace for institutional investors. We’re very excited to see how industry-leading market makers contribute to the wider adoption of tokenized ETH staking.”
The move to launch tokenized ETH staking on the Ethereum mainnet was expedited, following the success of the Holesky testnet pilot launched in May 2024. This testnet pilot was run in collaboration with 3iQ, CoinFund, and CoinDesk Indices. As of April 2024, more than $109 billion worth of ETH has been staked, with institutional investors contributing significantly to this figure.
Ruchir Gupta, Head of Options & Treasury, GSR: “Northstake’s approach addresses a critical need for institutional investors, subsequently allowing institutions to participate in Ethereum staking while maintaining liquidity and adhering to regulatory requirements. This solution unlocks significant value for institutions and supports the integration of digital assets into traditional finance.”
Michael Rabkin, Global Head of Business Development, DV Chain: “We are thrilled to be part of Northstake’s innovative tokenized ETH staking initiative. This partnership allows us to help enhance liquidity for institutional Ethereum stakers. Northstake’s solution perfectly complements our commitment to delivering advanced and secure financial services in the digital asset sector. We look forward to driving the broader adoption of tokenized ETH staking and supporting the institutional crypto ecosystem.”
Greg Benhaim, Senior Manager of Trading at 3iQ, said: “It’s fantastic that we’ve been able to accelerate the Mainnet launch, bringing new capabilities for ETH staking to 3iQ and institutional investors. We’re delighted to continue our collaboration with Northstake and leading market makers to get the staking solution fully operational ahead of schedule.”
Northstake has begun onboarding clients and additional market markers and expects the tokenized staking solution to be fully operational later this year.
Jesper Johansen, CEO & Founder of Northstake is available for interviews.
About Northstake A/S
Northstake A/S is a highly regulated, custodial, virtual asset service provider offering compliant staking products for institutions. Northstake offers a variety of crypto staking products including single, multi-asset, tokenized staking, and yield-generating products in addition to a suite of OTC and algorithmic trading services. Based in Denmark and Dubai, Northstake acts as a bridge between traditional finance and the crypto world, simplifying and securing the way institutions invest in crypto. Northstake A/S (VASP, FTID: 17520) is regulated under the Danish Financial Supervisory Authority (DFSA).
About GSR
GSR has over ten years of digital asset market expertise as a liquidity provider and active, multi-stage investor. GSR’s suite of services includes OTC Trading, Derivatives, and Market Making. GSR is embedded in every major sector of the digital asset ecosystem, working with token issuers, institutional investors, miners, and leading trading venues. GSR Markets Pte. Ltd. has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). To learn more about GSR, visit www.gsr.io.
About 3iQ
Founded in 2012, 3iQ is one of the world’s leading digital asset investment fund managers, offering investors convenient and familiar investment products to gain exposure to digital assets. 3iQ was the first Canadian investment fund manager to offer public bitcoin investment funds: The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U) and the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U), as well as public ether investment funds: The Ether Fund (TSX: QETH.UN) (TSX: QETH.U) and the 3iQ Ether Staking ETF (TSX: ETHQ) (TSX: ETHQ.U). To learn more about 3iQ, https://3iq.io/.
About DV Chain
As a leading liquidity and market-making service provider, DV Chain empowers institutions, exchanges, and traders globally to access a vast array of cryptocurrencies through cutting-edge APIs and interfaces. Seamlessly settle transactions in multiple fiat currencies on the same day, ensuring swift and efficient trading. From intuitive web-based charting to expert algorithmic orders, DV Chain’s robust tech stack helps scale your business.
Recognized globally, DV Chain provides extensive trading services for digital assets, backed by the experience and track record of DV Trading, a proprietary trading firm of over 500 personnel with offices in Chicago, Miami, New York, Toronto, London, Dubai and Bahamas.
View original content:https://www.prnewswire.co.uk/news-releases/gsr-and-dv-chain-join-northstakes-transformative-tokenized-eth-staking-initiative-302159577.html
HONG KONG, Aug. 7, 2024 /PRNewswire/ — COCA, a pioneering force in the crypto wallet and financial services industry, has achieved several remarkable milestones in Q2 2024. Thanks to the steadfast support of its user community, COCA has launched new features, expanded its partnerships, and garnered prestigious accolades, further solidifying its position as a leader in the crypto space.
Launch of Physical Cards
COCA has introduced its highly anticipated physical cards, which are now available globally and compatible with Apple Pay and Google Pay. These cards allow users to make transactions with ease, earning cashback rewards on their purchases. This significant launch marks a step forward in integrating crypto with everyday financial activities, enhancing user convenience and financial flexibility.
Wallet Growth Milestone
The company has reached a significant milestone with 510,000 active wallets, reflecting a 102% growth quarter-on-quarter. This surge in active wallets highlights the increasing trust and adoption of COCA’s platform, as more users join the COCA community to manage their crypto assets securely and efficiently.
Transaction Volume Surge
In Q2 2024, COCA processed over USD 450,000 in transactions through its platform, demonstrating the robust usage and popularity of its financial services. This impressive transaction volume underscores COCA’s commitment to providing smooth and efficient crypto payment solutions.
Integration with Revolut
COCA has made it easier for users to fund their wallets by integrating with Revolut. This new feature allows seamless loading of crypto assets, enhancing the overall user experience and accessibility of COCA’s services.
Award Recognition
COCA has been honoured with the “Best Startup” award in the Financial Revolution category at CONF3RENCE & BLOCKCHANCE 2024. This award is a testament to COCA’s innovative approach and significant impact on the future of finance, recognizing its efforts in driving forward the digital financial ecosystem.
New Strategic Partnerships
COCA has formed strategic partnerships with industry leaders such as Wirex Pay and GoMining. These collaborations aim to provide users with enhanced rewards and a superior overall experience. The partnerships signify COCA’s dedication to expanding its ecosystem and delivering greater value to its users.
Welcoming Pavel Matveev
COCA is excited to announce the addition of Pavel Matveev, Founder of Wirex, to its team as a Strategy and Product Advisor. Pavel’s extensive experience and visionary approach are expected to drive COCA’s strategic initiatives and product development, contributing to the company’s continued growth and innovation.
Season 2 Point System Launch
Season 2 of COCA’s popular point system has launched, offering users the opportunity to earn points through various activities, including trades, referrals, holding assets, and spending with COCA cards. With a prize pool of USDT 3500 and 5 Wirex Pay Nodes, this season promises exciting rewards and increased user engagement. The season ends on August 9th, so users are encouraged to participate actively.
NFT Giveaway
In a special giveaway, COCA distributed 1000 GoMining NFTs to lucky users. These NFTs provide unique benefits, including enhanced mining capabilities and exclusive digital collectibles, adding significant value to the user experience.
For further details on COCA’s Q2 achievements and upcoming initiatives, visit the company’s blog.
Website: coca.xyz
COCA continues to redefine the crypto experience with its innovative solutions, seamless integrations, and user-focused approach. The company’s recent milestones and future plans highlight its commitment to leading the way in the digital financial landscape.
About COCA
COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.
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View original content:https://www.prnewswire.co.uk/news-releases/coca-celebrates-q2-2024-with-record-breaking-milestones-and-new-launches-302216619.html
VICTORIA, Seychelles, Aug. 7, 2024 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to announce the launch of GemPool, its innovative new platform that allows users to acquire token airdrops as a reward for staking their crypto assets. This unique product is designed to provide early access to emerging crypto projects while offering rewards for their existing holdings at zero cost. By staking respective tokens in separate pools, users can farm new tokens and gain a foothold in the latest developments within the cryptocurrency market.
GemPool also offers flexible staking terms, allowing users to stake and un-stake their assets anytime within the designated period without lock-up restrictions. This flexibility ensures that users can manage their assets according to their preferences and market conditions. Additionally, GemPool provides zero-cost rewards, enabling users to earn tokens while holding their existing cryptocurrencies. By staking their tokens, users contribute to the growth of promising new projects, supporting innovation and development within the crypto space. With completion of tasks offered, users are eligible to earn multiplier bonus and receive more rewards.
Users can participate by staking KCS, USDT, or other specified assets in designated pools. The rewards are earned according to the respective yields of the pools, ensuring a fair and exciting experience for all users.
For more information on how to participate and the benefits of GemPool, please visit the KuCoin GemPool page.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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View original content:https://www.prnewswire.co.uk/news-releases/stake-and-earn-with-kucoins-innovative-gempool-platform-302216471.html
Latest News
Trust Wallet Launches Gamified Education Platform and Loyalty Program to Enhance and Reward Web3 Learning
DUBAI, UAE, Aug. 7, 2024 /PRNewswire/ — Trust Wallet, the world’s leading self-custody Web3 wallet and Web3 gateway trusted by over 130 million users, has launched Trust Wallet Quests, a gamified education platform within the Trust Wallet mobile app which encourages users to earn points while exploring and learning about Web3.
Users can engage in task-based challenges ranging from quizzes to complex problem-solving scenarios composed of various DeFi and Web3 activities, all designed to deepen their understanding of blockchain technology and decentralized applications (dApps), and expose them to exciting opportunities within Web3. As an incentive, users will earn Trust Points, a loyalty-based points system designed to reward user activity within the Trust Wallet mobile app. With Trust Points, users can earn rewards upon the completion of specific tasks, making Web3 more rewarding and fun.
In the future, Trust Points will offer additional gamification features, such as unlocking achievements, badges, and levels. This interactive approach not only boosts individual learning but also contributes to broader community education and adoption of decentralized technologies, making Trust Wallet Quests a dynamic and exciting way to reward loyal users and engage with communities in Web3.
On the motive for launching Trust Wallet Quests, Eowyn Chen, CEO of Trust Wallet, stated: “The complex technology and fast-paced industry can be intimidating for both new and seasoned users. The introduction of Quests on Trust Wallet further solidifies our commitment to making it easier for millions to navigate Web3, aligning perfectly with our mission to build a seamless Web3 hub and open ecosystem for all.”
Nate Zou, Head of Product at Trust Wallet, highlighted what to expect from Trust Points and Trust Wallet Quests: “Trust Points and Quests are just the first iteration of a much-needed reward system for our community. Within 2024, we have plans to build on this, combining rewards with many of our other web3 product offerings. Overall, we envision this points system not only changing how users engage with Trust Wallet, but also encouraging more collaboration between Trust Wallet, our users and other web3 ecosystem players.”
Trust Wallet Quests and Trust Points are now available on both Android and iOS versions of Trust Wallet’s mobile app. Download here: https://short.trustwallet.com/TrustWalletQuests
About Trust Wallet
Trust Wallet is the self-custody, multi-chain Web3 wallet and Web3 gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, buy, sell, and stake crypto to earn rewards, all in one place and without limits.
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View original content:https://www.prnewswire.co.uk/news-releases/trust-wallet-launches-gamified-education-platform-and-loyalty-program-to-enhance-and-reward-web3-learning-302215130.html
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