Stake stETH for Tokenized RWA Rewards
The Verified Network, a decentralized network of financial services providers across Europe and Asia that enables the issuance, distribution, and servicing of tokenized products, today announced that it has enabled the use of Lido’s stETH.
Lido is an open-source, liquid staking middleware, that provides a way to participate in the Ethereum and Polygon blockchain network validation process and get network staking rewards for this activity. Lido middleware lets users connect with node operators to stake their digital assets without the need to individually maintain hardware, as well as interact with various third-party DeFi applications that have independently integrated and support stETH or stMATIC.
Verified Network’s integration now allows Ether holders to access Lido’s liquid staking middleware through web and mobile applications to get network staking rewards, as well as the ability to restake stETH and get rewards from tokenized real world assets (RWAs).
Chirag Shah, Founder of Nucleus Commercial Finance, a UK-based business lender which is offering a tokenised bond on the Verified Network, said “I am thrilled that Nucleus is the first to adopt this structure in the UK by using Lido’s staked Ethereum (stETH). Being the first in the UK to use tokenized RWA’s is a huge step in the right direction.”
About the Verified Network
The Verified Network is a decentralized financial services network that is deployed as permissioned, public blockchain contracts used for the issuance, distribution and servicing of tokenized products by licensed financial services providers such as registrars, transfer agents, custodians, brokerages and market makers. For further information, please visit www.verified.network.
About Lido Institutional
Lido Institutional represents a dedicated group of contributors focused on advocating for the use of Lido’s open-source, liquid staking middleware by non-retail users. Lido's middleware provides a way to participate in the blockchain network validation process and get staking rewards for this activity. With a mission to democratize staking, Lido’s middleware lets users connect with node operators and stake their digital assets without the need to individually maintain hardware. For further information, please visit lido.fi/institutional.
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