The development comes just days before the much-anticipated Ethereum Merge event, which will see the legacy blockchain move from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism.
According to the press release, the staking product would cater to the growing demand from institutional clients for DeFi and staking services. Following the latest addition, SEBA’s staking management platform now supports several protocols, including Ethereum, Cardano, Polkadot, and Tezos, with plans to enable other options in the future.
Commenting on the interest from clients for such services and the Merge itself, SEBA Bank’s Head of Technology & Client Solutions Mathias Schütz said:
Meanwhile, at the Ethereum end, the number of validators and staked ETH has reached an all-time high. As of press time, the daily active validators were over 422,000, while the amount of staked ETH is more than 13.5 million.
Continue reading on BTC Peers
Source: Cryptocurrency - investing.com
