Taurus Enables stETH Custody & Staking Amid Demand from Banking and Corporate Clients
Taurus, a leading global digital asset infrastructure provider, today announces a strategic partnership with Lido Protocol, the middleware liquid staking solution for Ethereum. Taurus has integrated Lido and added custody and staking support for staked Ethereum (stETH) to Taurus-PROTECT, the market-leading banking-grade custody solution.
The Lido protocol programmatically solves problems associated with native ETH staking, such as illiquidity, accessibility, and dealing with hardware.
Taurus has also expanded Taurus-EXPLORER, its blockchain connectivity infrastructure, including nodes and indexing, to support the Lido middleware.
In response to growing institutional demand, Taurus’ clients now gain access to Lido’s liquid staking middleware solution, allowing them to stake their Ethereum and access rewards while still using stETH for other on-chain activities, including liquidity pool swapping (to exchange stETH for ETH). Taurus serves as the trusted platform for Europe's largest financial institutions and corporate firms, and over half of Switzerland's banks that provide digital asset services rely on Taurus infrastructure.
Marin Tvrdić, prominent Protocol Relations enthusiast and contributor that actively supports liquid staking technologies like the Lido protocol, said: “The Lido middleware integration with Taurus is combining the benefits of liquid staking with a banking-grade custody solution to help bridge the gap between DeFi and TradFi. This integration addresses issues of security and liquidity by ensuring assets are protected and easily accessible to make DeFi more appealing to everyone.”
Vassili Lavrov, Head of Product at Taurus, said: “Liquid staking solves several pain points associated with Ethereum native staking, such as high barriers for investors and locked liquidity. We are pleased to integrate the Lido protocol, which is the leading software solution in the liquid staking space.”
About Lido Institutional
Lido is an open-source, liquid-staking middleware, that provides a simple and secure way to participate in the blockchain network validation process and earn rewards for this activity. With a mission to democratize staking, Lido middleware lets users connect with node operators and stake their digital assets without the need to individually maintain hardware. Users of the middleware can interact with various third-party DeFi applications that have independently integrated and support the liquid staking tokens. For further information, please visit lido.fi/institutional.
About Taurus SA
Taurus SA is a Swiss company founded in April 2018, that provides enterprise-grade digital asset infrastructure to issue, custody, and trade any digital assets: cryptocurrencies, tokenized assets, NFTs, and digital currencies. With more than 60% market share in Switzerland, it is also the European leader in the banking segment, entrusted by the full spectrum of financial institutions, including systemic banks, universal banks, online banks, crypto-banks, private banks, and broker-dealers. Taurus also operates a marketplace for private assets and tokenized securities. For further information, please visit www.taurushq.com.
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