February 14, 2024 – In a landmark collaboration, Swiss crypto custody powerhouse Taurus has joined forces with Lido, the trailblazers in Ethereum staking solutions, to present a new frontier for earning on digital assets within the realm of traditional finance.

Building Bridges in Digital Finance

Victor Busson, Chief Marketing Officer of Taurus, expressed his excitement about the partnership aimed at integrating the digital asset space with conventional financial systems. The synergy is expected to pave the way for Taurus customers to effortlessly stake Ethereum and earn passive income, leveraging the sophisticated infrastructure of Taurus-PROTECT.

Climbing the Regulatory Ladder

Despite the allure of Ethereum staking, regulatory uncertainties have cast a shadow over its widespread adoption among financial institutions. Vassili Lavrov, Taurus’s Head of Product, sheds light on the matter, citing the Swiss Financial Market Supervisory Authority’s (FINMA) recent guidance on crypto staking and the anticipated regulatory alignment within Europe as a beacon of progress for the banking sector.

Unlocking Funds with Liquid Staking

Clarifications from Lavrov underscore the potential for banks to adopt liquid staking solutions that guarantee the availability of client’s funds—even while staked. This development is in line with Taurus’s recent partnerships with banking giants such as Deutsche Bank and Santander, which underscore the growing institutional interest in cryptocurrency.

Demystifying Staking for Institutional Players

Marin Tvrdić, Master of Protocol Relations at Lido, highlights the importance of the partnership with Taurus, emphasizing the steep learning curve associated with blockchain technology and the risks involved for the uninitiated. He suggests that this alliance is crucial in providing easy access to staking through banking-grade software, thus promoting wider accessibility and understanding.