SIX Digital Exchange Goes Live With Ethereum Staking Service for Institutional Clientsby Fintechnews Switzerland September 5, 2022
SDX Web3 Services, the newly launched business unit from SIX Digital Exchange, is now live with its non-custodial Ethereum staking service.
This new offering is a straightforward and secure way to launch new validators, generate yield from staking, and manage Ethereum validator nodes through a fully managed, API based infrastructure.
The service is tailored to institutional clients who need to scale their Ethereum staking capabilities.
SDX Web3 Services said that it is already in the midst of signing its first client for this non-custodial staking service in the private wealth sector in Switzerland.
“The strong demand for our staking offering shows the institutional market’s readiness and need for secure and trusted services such as our Web3 offering,”
said Stephan Kunz, Head of SDX Web3.
The Ethereum network is improving the security and stability of its blockchain by preparing an upgrade to a Proof of Stake consensus mechanism.
Proof of Stake networks are an attractive alternative to Proof of Work as they do not require energy intensive processing to validate transactions.
The network’s recent successful testnet Merge events, and the planned upgrade in September 2022, have led to an increase in institutional demand for Ethereum staking.