SIX Digital Exchange Launches Ethereum Staking

SIX Digital Exchange launches Ethereum staking for institutional investors, and the company has announced its newly launched business unit called SDX Web3 Services.

According to the business, the new ETH staking solution is focused on providing safe and dependable administration of Ethereum validator nodes via its API architecture.

SDX Now Supports ETH Staking

SIX Digital Exchange launches Ethereum staking (non-custodial ETH staking) for institutional investors. SIX Digital Exchange (SDX) is a licensed digital asset trading, settlement, and custody organization located in Switzerland.

According to those familiar with the topic, the service is intended to provide companies with safe and dependable control of Ethereum validator nodes using a fully managed application programming interface (API)-based architecture.

According to the developers, the new solution is specifically built for enterprises wishing to easily grow their Ethereum staking capabilities and generate rewards from their staking activity.

Earlier in June 2022, SIX Digital Exchange entered the realm of Web3 by establishing SDX Web3 Services, a platform committed to facilitating institutional investors’ safe and secure adoption of Web3 technologies such as crypto, non-fungible tokens (NFTs), and more.

According to the team, the new Ethereum staking infrastructure will be managed by SDX Web3 Services, which is presently onboarding its first institutional client.

Alex Smith, SDX Web3 Staking Solution Lead, commented on the initiative, stating that the new product would use SIX’s enormous knowledge to provide investors with a smooth staking experience.

“The integration tools developed by SDX coupled with our experience operating in institutional markets, give our clients easy access to Ethereum staking capabilities with the highest security and reliability standards.”

Stephen Kunz, Head of SDX Web3, also commented on the new product offering, stating that the firm’s Ethereum staking service is in high demand, indicating that institutional investors and affluent people are in desperate need of safe and reliable solutions.

ETH2 Transition Is Going Smoothly

As the discussion about global warming and the high energy usage of bitcoin (BTC) and other PoW-based cryptocurrencies heats up, Vitalik Buterin and his team have been working around the clock to migrate the Ethereum network to a proof-of-stake (PoS) consensus mechanism.

Ethereum, the world’s largest blockchain network for decentralized applications (dApps) and smart contracts-enabled solutions, began its proof-of-stake journey in 2020 with the introduction of the Beacon Chain, and the team has made great progress since then.

In recent weeks, the precise timing of the switch to PoS has been a major source of curiosity across the whole blockchain industry. Ethereum developers, on the other hand, estimate that Ethereum 2.0 will go live on September 15 or 16, 2022.

While the world waits for the much-anticipated Ethereum merger, blockchain industry players and crypto market participants have continued to make proper preparations for one of the Web3 ecosystem’s most momentous events.

Read the latest Ethereum news.