Blockdaemon Launches Institutional DeFi Staking Service

Institutional blockchain infrastructure provider Blockdaemon announced the launch of its decentralized finance (DeFi) and staking service, Earn Stack.

The new service is designed for institutions to offer DeFi and staking opportunities through more than 50 protocols, with access to numerous DeFi pools and bridges, the company announced on Thursday.

Blockdaemon claims its new product enables “secure, non-custodial staking and streamlined access to DeFi,” in accordance with recent guidelines issued by the US Securities and Exchange Commission. The company said its institutional focus is backed by its claim to ISO 27001 cybersecurity certification and SOC 2 customer data management standard compliance.

Konstantin Richter, founder and CEO of Blockdaemon, said, “Crypto-native institutions and protocol developers demand institutional-grade infrastructure.” He said the platform guarantees “100% slashing protection, and seamless DeFi integration through institutional-grade APIs.”

The announcement follows recent reports that Blockdaemon is considering an initial public offering next year. “Let’s see how 2025 holds up, and then I think 2026 would be a year where we might want to pursue something like that,” Richter said at the time.

Related: SEC faces criticism over crypto staking shift

A wide-reaching product

Blockdaemon said its new product offers DeFi yield farming in liquidity pools and across lending protocols as well as proof-of-stake (PoS) staking on major protocols. The integration is a no-code widget that enables customers to embed multichain staking and DeFi functionality into their systems with a single integration.

The company also provides internal application programming interfaces (APIs) for more customized setups. These include a DeFi API that aggregates liquidity and pricing data from multiple protocols, a staking API providing standardized staking access across blockchains and a staking reporting API to track rewards.

Related: SEC crypto staking guidance ‘major step forward’ for US: Crypto Council

Staking attracts increasing interest

On Thursday, crypto exchange Kraken also launched a new Bitcoin staking product through a protocol integration with Babylon Labs. Staking continues to attract increasing amounts of capital, with the supply of staked Ether (ETH) recently reaching an all-time high of over 35 million ETH.

Kean Gilbert, head of institutional relations at the Lido Ecosystem Foundation, recently said that growing institutional interest in Ethereum staking is driving demand for custody solutions tailored to institutions. This appears to be the drive that Blockdaemon is looking to capitalize on.

The situation is expected to become increasingly complex as exchange-traded fund analysts suggest that the first Ether and Solana (SOL) staking ETFs may debut in the United States within weeks.

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