Reduce Crypto Investment Risk, Anchorage Launches Ethereum Staking For Institutional Investors
Anchorage opens new service, ETH staking for institutions (Medium)

JAKARTA - Anchorage presents a new service to anticipate the long-promised shift of the Ethereum network from proof-of-stake consensus. Anchorage released this new service with an offer to avoid 'hot' wallets of crypto owners staking ETH. They also claim this offer can generate secure crypto income for institutions.

Anchorage Digital, a digital platform based in San-Francisco and having the first government-leased crypto bank will open up options for institutions to stake Ethereum (ETH). This move is in anticipation of the long-promised shift of the Ethereum network from a proof-of-work (PoW) protocol to a proof-of-stake (PoS) protocol.

Tuesday, June 28, Anchorage announced and introduced stake ETH, a practice to earn rewards as validators of transactions on the Ethereum blockchain for institutions. Diogo Mónica, founder and president of Anchorage Digital, said that staking is promising for institutional investors and their ecosystem.

Quoted from Cointelegraph, Diogo Moinica said, by providing an opportunity for institutions to stake Ethereum, this will provide high legitimacy for the asset on the market and in the process, will eliminate the risk of a 'hot' wallet for institutions looking to generate secure income from currency. crypto money.

The announcement underscores Anchorage's high expectations for the upgrade of the Ethereum network by linking its mainnet to a PoS system coordinated by Beacon Chain. This feature should allow investors to collect rewards from their ETH in the process of staking together with the Anchorage validator. After the merger, validators get not only block rewards but also transaction priority fees, which were previously awarded to miners.

Beacon Chain itself was launched as Ethereum's provisional roadmap in December 2020. In June 2022, Ethereum opens the Sepolia testnet, which will begin reaching consensus using PoS instead of PoW. The official incorporation date on the Ethereum mainnet has been pushed back several times so far. Currently the sedan is slated for completion in August 2022.

In addition, last month, Anchorage formed a storage and exchange network with five digital asset trading platforms such as Binance.US, CoinList, Blockchain.com, Strix Leviathan, and Wintermute. This is done to separate institutional client funds from the exchange. Additionally, in December 2021, Anchorage secured $350 million in a funding round led by KKR's top investment officer.


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