The platform aims to enhance the staking of Ethereum across institutions and Web 3 businesses.
Global Web 3 node provider, Validation Cloud announced the launch of its staking-as-a-service platform, structured for institutions and Web 3 businesses. According to the announcement, this Thursday, the novel platform will bring on-demand deployment, smart-contract-powered rewards automation, and SOC2 security to Ethereum for institutions.
The platform will offer institutions a non-custodial staking-as-a-service platform, setting new standards on how the industry stakes and earns from digital assets. The competitive advantage of the new Validation Cloud platform is improving the speed, cost, and reliability of Ethereum validators through UI and API-based deployments, automatic rewards management, and SOC2 compliance.
Speaking on the launch of the institutional staking-as-a-service platform, Andrew McFarlane, CTO of Validation Cloud, said,
“Our full-featured staking platform was designed to meet institutional demands – one-click deployment, simple management, and robust security.”
Making Ethereum staking simpler
The staking-as-a-service platform is designed to make ETH staking as simple as possible, frictionless and operationally identical to staking other digital assets. With its launch, institutions can deploy validators in bulk, in real-time, in dedicated environments, while further simplifying rewards management with on-chain smart contracts. This rewards flow promotes verifiability and eliminates intermediaries and counterparty risk – driving superior experience and performance for asset managers, custodians, and exchanges.
“Our platform was purpose-built to onboard institutional assets,” Alex Nwaka, Validation Cloud CSO said. “The largest asset managers in the world are rapidly entering Web3 and Validation Cloud envisions a near-future with over a trillion dollars in staked assets.”
Apart from simplifying staking for institutions, the platform also brought new innovations in validator deployments and rewards management. Security is also paramount for Validation Cloud’s new platform which includes enterprise-grade compliance credentials, having achieved SOC2 compliance. Validation Cloud offers highly performant and compliant products in staking, node, and data-as-a-service.
Finally, the new staking-as-a-service aims to transform the Web 3 staking realm by bringing new innovations, security and a user-centric design to staking.