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Staking provider P2P.org announced the launch of its Saking-as-a-Business (SaaB) model for institutions. The service aims to help platforms such as exchanges, wallet providers, and custodians add staking and decentralized finance (DeFi) services to their businesses to diversify their means of growth.
The company said it currently holds more than 1 million staking ether (ETH) and recently had a total locked value (TVL) of over $7.4 billion.
Staking allows cryptocurrency investors to earn passive income and leverage their holdings without having to sell them. Institutional staking is done similarly, but all at once. Staking providers include non-custodial and custodial staking providers.
In addition to staking infrastructure, the SaaB model also provides support services such as marketing, legal, and sales support, according to a press release.
“This comprehensive support ensures a smooth transition for companies embarking on staking and Defi services, ensuring successful implementation and profitability,” said Artemiy Parshakov, Head of Product at P2P.org. Masu.
Last April, P2P.org raised $23 million in funding from three crypto industry heavyweights, including Jump Crypto. The past year has seen the birth of various institutional-focused staking startups, including Northstake, which raised his $3 million from PreSeed Ventures.
According to a press release, P2P.org is a validator for Ethereum and 30 other blockchains.
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