- The strategic partnership enables institutional clients to stake Ethereum securely while maintaining the set regulatory compliance.
- Institutional investors can now access ETH Vault products by Chorus One through the Cactus Link to enhance the staking experience.
- Cactus Custody safeguards over $10 billion in assets for more than 300 institutional clients and will now access over 60 PoS networks via Chorus One.
Cactus Custody, an established institutional grade custody provider based in Hong Kong, has announced a strategic partnership with Chorus One, a fast-growing institutional staking provider for Proof-of-Stake (PoS) blockchains. The strategic partnership between the two entities ensures the integration of their products to provide their institutional clients with more secure and regulated services.
According to the announcement, the partnership will focus on the Ethereum (ETH) staking, which is one of the most robust PoS in the market. As of this writing, Chorus One offers an ARR of about 3.06 percent to the more than 320k ETH, worth over $853 million, staked through its platform.
The Cactus Custody will provide its clients, estimated to be over 300 institutional investors that have deposited more than $10 billion, with access to Chorus One’s high-yield staking solutions.
“At Cactus Custody, we are committed to bridging the gap between institutional-grade security and the dynamic opportunities of blockchain technology. Partnering with Chorus One empowers our clients with seamless access to trusted staking solutions through Cactus Link, transforming complex reward generation into a streamlined, secure, and intuitive experience,” Timothy Tan, Head of Sales and Partnerships of Cactus Custody, noted.
Why the Partnership Between Chorus One and Cactus Custody Matters a Ton
The mainstream adoption of crypto assets has experienced a sharp uptick in the past two years, catalyzed by clear regulatory frameworks in major jurisdictions led by the United States, the European Union, Hong Kong, Singapore, the United Arab Emirates (UAE), and the United Kingdom, among others.
The approval of spot Ethereum ETFs in Hong Kong and the United States catalyzed the proliferation of institutional investors in the ETher market. With the Ethereum network offering a reliable incentive through its PoS consensus method, Chorus One has grown to a top-tier institutional-grade staking platform.
“Institutional adoption is no longer a distant goal, it is happening now,” Brian Crain, CEO of Chorus One, noted in a statement. “We are excited to work with Cactus to deliver secure, intuitive access to next-gen staking solutions, and to help shape a unified financial hub for institutions in the APAC region,”
Notably, institutional investors can now access ETH Vaults products by Chorus One directly through the Cactus Link, a browser-based wallet extension that enables institutions to engage in decentralized finance activities across nearly 30 public blockchains. Some of the notable ETH Vaults products that will be accessible through the Cactus Link include MEV Max, Obol DV, and osETG Minting.
The MEV Max is a pooled ETH staking service offered by Chorus One to its client and features up to 4 percent Annual Recurring Revenue (ARR). The Obol DV is a vault that delivers ETH and MEV rewards in addition to OBOL incentives. The osETH Minting enables Chorus One users to mint a liquid staking token that offers higher rewards through restaking among other DeFi strategies
