TruFin Launches TruStake, an Institutional-Grade Liquid Staking Solution, on NEAR Network

TruFin Launches TruStake, an Institutional-Grade Liquid Staking Solution, on NEAR Network

TruFin, a leading liquid staking protocol, has officially launched TruStake, its institutional-grade liquid staking solution, on the NEAR network, according to an announcement on X (formerly Twitter). The new staking product, designed for institutional investors, is integrated with renowned crypto custodians such as Fireblocks, Copper, and Finoa.

This development marks a significant step for TruFin as it continues to expand its suite of offerings, providing enhanced access to liquid staking on the NEAR blockchain while ensuring security and compliance for institutional clients.

What is TruStake?

TruStake is a liquid staking solution designed to provide institutional investors with a secure and scalable way to participate in staking on the NEAR network. Unlike traditional staking, where tokens are locked for a set period, liquid staking allows users to stake their assets while maintaining liquidity. This means that investors can continue earning staking rewards while having the flexibility to use or trade their staked tokens.

By integrating with prominent custodians such as Fireblocks, Copper, and Finoa, TruStake ensures that institutional investors have access to a secure and compliant infrastructure for managing their staked assets.

Institutional-Grade Security with Custodian Integration

The launch of TruStake on the NEAR network comes with built-in security and compliance features through its integration with top-tier custodians. These partnerships with Fireblocks, Copper, and Finoa provide an additional layer of protection and regulatory assurance, making TruStake a preferred choice for institutional clients who require high levels of security for their crypto assets.

• Fireblocks: Known for its robust infrastructure, Fireblocks offers a secure platform for managing digital assets, ensuring the safety of staked tokens through multi-party computation (MPC) technology and insurance-backed custody.
• Copper: A leading institutional custodian, Copper provides a suite of tools to manage crypto assets securely, including staking solutions that comply with stringent regulatory standards.
• Finoa: As a regulated digital asset custodian, Finoa focuses on providing compliant solutions for institutional clients, ensuring that all staking operations meet regulatory requirements.

By leveraging these partnerships, TruFin ensures that institutional investors can participate in liquid staking with confidence, knowing their assets are managed securely.

Why NEAR Network?

The decision to launch TruStake on the NEAR network reflects the growing appeal of NEAR as a leading layer-1 blockchain known for its high throughput, low fees, and scalability. NEAR’s unique sharding technology and focus on developer-friendly tools make it an attractive platform for both DeFi (decentralized finance) projects and institutional staking solutions.

By offering liquid staking on NEAR, TruFin provides users with access to the network’s rewards while ensuring that they retain the flexibility to manage their tokens across dApps (decentralized applications) and other DeFi services.

Benefits of TruStake for Institutional Investors

The launch of TruStake introduces several benefits for institutional investors looking to participate in the staking economy without sacrificing liquidity:

• Access to Liquidity: Investors can stake their NEAR tokens while retaining liquidity, enabling them to continue participating in the DeFi ecosystem and other investment opportunities.
• Enhanced Security: With the backing of industry-leading custodians like Fireblocks, Copper, and Finoa, TruStake offers secure management of staked assets, reducing risks associated with staking.
• Compliance: The integration with regulated custodians ensures that TruStake meets compliance standards, making it easier for institutional clients to adopt the solution in regulated markets.
• Increased Yield: TruStake offers a way to earn staking rewards on the NEAR network, helping institutions generate yield on their holdings while maintaining flexibility in how they manage their assets.

Conclusion: TruStake Enhances Institutional Access to NEAR Staking

With the launch of TruStake, TruFin is providing institutional investors with a secure, compliant, and liquid staking solution on the NEAR network. By partnering with top custodians like Fireblocks, Copper, and Finoa, TruFin ensures that institutions can participate in staking with confidence, benefiting from enhanced security and compliance.

As liquid staking continues to gain traction, TruStake is poised to become a key offering for institutions looking to access staking rewards without sacrificing liquidity or security.

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For more insights into liquid staking and its benefits for institutional investors, explore our article on the latest trends, where we discuss the future of staking solutions in the DeFi space.