P2P.org, an institutional staking firm and validator, has recently launched crypto staking services for institutional clients in collaboration with the OKX exchange.
Under P2P’s innovative staking-as-a-business model (SaaB), business clients will now have access to high-quality staking services for various assets such as Polkadot (DOT), Kusama (KSM), Celestia (TIA), and Cardano (ADA).
According to representatives from P2P, “Staking with OKX allows eligible users to earn an APR without the need to set up new nodes.” They also highlighted the common barriers that have been hindering institutions from entering the crypto staking market, including a steep learning curve, time commitment, and the significant costs associated with running a node.
P2P.org has been making significant strides, reaching a total value locked (TVL) of $7.5 billion in April. The introduction of their “staking-as-a-business” model aims to make it easier for institutional clients to get involved in staking.
Various models like P2P’s SaaB, crypto exchange-traded products, and exchange-traded funds (ETFs) are gaining popularity among institutional investors and traditional financial institutions. These options provide exposure to the crypto markets without requiring expertise in digital assets.
Inflows into crypto exchange-traded funds and products surged to $2 billion in May 2024, with a total of over $15 billion invested so far this year, according to a recent CoinShares report. The approval of a spot Bitcoin ETF in the United States has reignited institutional interest in crypto, with major asset managers like BlackRock offering BTC exposure to their clients.
This growing interest in digital asset investment has extended to other sectors as well, with pension fund managers diversifying their portfolios by gaining exposure to Bitcoin. The State of Wisconsin Investment Board recently disclosed a $164 million investment in Bitcoin through holdings in BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale’s Bitcoin Trust (GBTC).
Overall, the crypto market is experiencing a surge in institutional interest and investment, with innovative solutions like P2P’s staking services playing a key role in facilitating institutional participation.