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Sead Fadilpašić
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Institutional staking provider Chorus One has integrated with Ledger Enterprise to bring self-custodial, governance-ready staking for four cryptocurrencies.
According to the press release shared with Cryptonews.com, this move aims to enable institutions to earn staking rewards directly from Ledger’s custody ecosystem.
All staking operations happen within the institution’s existing governance framework. Therefore, institutions can participate in Proof-of-Stake (PoS) networks without “transferring asset custody or compromising internal governance controls.”
The collaboration enables staking for Ethereum (ETH), Solana (SOL), Polkadot (DOT), and Tezos (XTZ).
Per the announcement, Ledger’s hardware and governance controls protect the private keys. At the same time, Chorus One backs the institutional-grade validator performance. It says it provides institutional validator infrastructure and research-driven staking operations.
Other key points of the collaboration include multi-authorisation and configurable governance workflows, as well as reporting and auditability for compliance and treasury management.
“Institutions need staking solutions that match their security, compliance, and operational requirements,” says Damien Scanlon, Chief Product Officer at Chorus One. The integration allows the two companies “to deliver a streamlined staking experience that keeps governance firmly in the hands of the client,” he added.
Staking In The News
Sébastien Badault, Executive Vice President at Ledger Enterprise, noted that “companies are adopting digital assets at a rapid pace worldwide.” At the same time, “uncompromising security and governance remain fundamental prerequisites.”
Therefore, integrating Chorus One’s staking infrastructure into the Ledger Enterprise platform makes “it simpler for institutions to earn staking yields,” Badault says.
Speaking of which, many staking-related news stories hit the front pages in the first few days of this year.
Among these, Robinhood’s head Vlad Tenev claimed that staking remains one of the most sought-after features among Robinhood users.
Tenev urged the US to be the leader in shaping crypto policy. The staking feature is still not available to customers in four US states “due to the current gridlock,” he said. “Stock Tokens are available to our customers in the EU, but not in our home market,” Tenev wrote.
Moreover, SharpLink Gaming started seeing results of its decision to fully commit to ETH and place its entire crypto treasury into staking. The company reported more than $33 million in passive income generated from ETH staking over the past seven months.
Also, Bitmine recently added nearly 100,000 ETH, valued at about $344.4 million, lifting its holdings to 908,192 ETH, worth $2.95 billion. The additional staking came hours after the leading ETH accumulator reported staking 19,200 ETH, worth $60.85 million.
Meanwhile, Chorus One operates infrastructure for over forty PoS networks, including Cosmos, Solana, Avalanche, and Near.
As for Ledger, it announced its Ledger Nano Gen5 last year. It is now weighing a US listing and is preparing to raise capital.
“Money is in New York today for crypto, it’s nowhere else in the world, certainly not in Europe,” said chief executive Pascal Gauthier.
Early in January, hackers exploited vulnerabilities in Ledger’s Global‑e payment processor, gaining access to customer names and contact information. Wallets and private keys were unaffected, the company said.
