In a strategic maneuver within the cryptocurrency market, P2P.org, a renowned provider of validation and institutional staking services, has announced a partnership with the OKX exchange. This joint effort aims to provide cryptocurrency staking services to institutional clients, a service that is increasingly gaining importance in the industry.
By utilizing P2P.org’s Staking as a Business (SaaB) model, businesses now have access to high-quality staking services for a range of digital assets, including Polkadot, Kusama (KSM), Celestia (TIA), and Cardano. This access is crucial as it enables institutions to actively participate in the returns offered by these assets without the need for complex technical infrastructure.
According to representatives from P2P, “Staking with OKX allows eligible users to benefit from an APR without the need to set up new nodes.” They also pointed out the main obstacles that often deter institutions from entering the staking market: a steep learning curve, significant time commitment, and high operational costs.
In April of this year, P2P.org achieved a significant milestone by reaching a total locked value (TVL) of $7.5 billion and introducing the concept of “staking-as-a-business.” This model aims to simplify and democratize access to staking for institutional clients. Alex Esin, CEO of P2P.org, stated, “Our objective is to facilitate the establishment or enhancement of staked assets within institutional products, ensuring that staking contributes a minimum of 10% to total revenue, ideally reaching 20%.”
The growing interest in products like SaaB, exchange-traded funds (ETFs), and crypto exchange-traded products reflects a broader trend of institutional adoption. Recent reports, such as CoinShares’ “Digital Asset Fund Flows,” reveal that inflows into crypto exchange-traded funds and products reached $2 billion in May 2024, bringing the total value for the year to over $15 billion.
Disclaimer: The opinions expressed by the author or individuals mentioned in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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