Chorus One and Ledger have joined forces to enhance institutional staking capabilities by integrating it directly into the Ledger Enterprise platform. This collaboration promises to streamline the staking process for institutions while maintaining the highest security standards for digital asset custody, as emphasized in the official statement.
Partnership Overview
The partnership allows institutions to stake major cryptocurrencies such as:
- Ethereum (ETH)
- Solana (SOL)
- Polkadot (DOT)
- Tezos (XTZ)
without relinquishing control of their private keys. By leveraging Ledger's secure hardware, institutions can ensure that their digital assets remain protected throughout the staking process.
Integration of Technologies
This integration merges Ledger's robust custody and governance framework with Chorus One's expertise in staking operations. As a result, institutions can delegate assets directly from their secured crypto hardware wallets, eliminating the need to transfer funds to external validators.
Security and Participation
The setup is designed to meet the stringent security requirements of institutional investors while enabling them to actively participate in network consensus. This innovative approach not only enhances security but also simplifies the staking process for institutions looking to engage with blockchain networks.
The US Treasury Department has recently made significant progress in developing a digital asset reserve framework, which contrasts with the recent partnership between Chorus One and Ledger aimed at enhancing institutional staking capabilities. For more details, see further information.
