Ledger Enables Secure Staking of ETH & DOT for Enterprises

Ledger has launched enterprise staking of ETH & DOT, through Ledger Enterprise, the platform that empowers enterprises to secure and grow their digital value. This is enabled through its newly launched network of trusted staking providers, beginning with Kiln and Figment.

Companies can choose their secure provider from the network, with more to be added in the future.

Ledger is continuing to build value for institutions and brands through its best-in-class platform—this announcement follows the launch of Enterprise Create at Ledger Op3n in June, which enabled enterprise-level NFT management, distribution, and secure minting. 

Alex Zinder, Global Head of Ledger Enterprise, comments: “We’re thrilled to have Kiln and Figment join the Ledger Enterprise staking partner network. Now exchanges, custodians, and other financial institutions can maximize ETH and Polkadot staking rewards and benefit from the protection of Ledger’s battle-tested enterprise-grade security model.

“This is another important step in the Ledger Enterprise mission to be the one-stop shop for brands and institutions to create web3 value and dramatically scales up its utility alongside self-custody at scale, decentralized finance and NFT management.

Staking with Ledger Enterprise

Ledger Enterprise enables leading organizations more flexibility, governance options, and automation capabilities than any other staking provider, all without sacrificing the self-custody or the hardware security for which Ledger is best known. 

Enterprises holding Ethereum (ETH) and Polkadot (DOT) can now stake in just a few clicks and benefit from fully automated reward management while keeping custody of their funds. The integration of ETH and DOT follows on from Tezos (XTZ) staking, which is already available through Ledger Enterprise.

Besides attractive revenue streams, staking can function as a hedge against coin inflation rates by preventing the current value of the coin in custody to dilute. Staking digital assets is the opportunity to put crypto assets to work and maximize earning power. Ledger Enterprise is the most flexible way for enterprises to stake their assets thanks to unrestricted unstaking.

Ledger Enterprise clients rely on powerful automation to maximize yield and productivity through the global staking partner network, with 100% hardware-based self-custody meaning enterprises retain control over their assets.

Staking through Ledger Enterprise is tailored for professional use. It allows enterprises to begin earning rewards in minutes while maintaining control over staking activities with dedicated workflows and rules. 

Laszlo Szabo, CEO at Kiln, comments: “Our mission at Kiln is to make ETH staking seamless and secure for everyone. We are grateful to the Ledger team for approaching us in 2021 to work together on the ETH staking project. This integration will allow Ledger’s institutional users worldwide to secure the Ethereum network and be rewarded for it.”

Lorien Gabel, Co-Founder & CEO at Figment, comments: “It’s our pleasure to work with Ledger Enterprise to offer protocol staking for Polkadot ($DOT). Customers will be able to earn staking rewards, secure the network, and participate in Polkadot network governance while keeping their $DOT secure in Ledger’s renowned self-custody solution. We’re excited about Polkadot being the first of many networks to be supported through our partnership.”

Learn more here.

About Ledger

Founded in Paris in 2014, LEDGER is a global platform for digital assets and Web3. Ledger is already the world leader in Critical Digital Asset security and utility.  With more than 5M devices sold to consumers in 200 countries and 10+ languages, 100+ financial institutions and brands as customers, 20% of the world’s crypto assets are secured, plus services supporting trading, buying, spending, earning, and NFTs.

LEDGER’s products include Nano S Plus, Nano X hardware wallets, LEDGER Live companion app, [LEDGER] Market, the world’s first secure-minting and first-sale distribution platform, and Ledger Enterprise. With its ease of use, LEDGER allows a user to begin investing in digital assets and ultimately, achieve financial freedom in a safe and stress-free environment.

The post Ledger Enables Secure Staking of ETH & DOT for Enterprises appeared first on BeInCrypto.

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