Virtune adds Twinstake as staking provider for its crypto ETP programme

The Stockholm-based digital asset manager said Twinstake will be available alongside existing providers, with product-level staking arrangements set out in each product’s final terms.

Summary

Virtune said it has added Twinstake Ltd. as an additional staking provider for its crypto ETP programme, expanding the infrastructure available for products that use staking (locking crypto to earn rewards). The issuer said Twinstake may be used alongside Virtune’s existing staking providers, while the applicable provider or providers for each product will be detailed in the relevant final terms. Twinstake Ltd., company number 386248, is described as an exempted company that provides non-custodial staking infrastructure and validator services for digital assets. Virtune, headquartered in Stockholm, describes itself as a regulated Swedish digital asset manager and issuer of crypto exchange traded products listed on regulated European exchanges.

Terms & Concepts
  • staking: Locking crypto to help secure networks
  • ETP: Exchange-traded product listed on an exchange
  • validator services: Network transaction validation and block production