Ripple Custody Enables Ethereum and Solana Staking for Institutions
Ripple’s custody platform now supports Ethereum and Solana staking, potentially allowing institutional investors to earn XRP yields without taking on validator operation risks.
ETH
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XRP
Summary
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Terms & Concepts
Staking: The process of locking cryptocurrency in a blockchain network to help validate transactions and earn rewards.
Validator: A participant in a proof-of-stake blockchain responsible for verifying transactions and maintaining the network.
Custody Platform: A secure service for storing and managing digital assets, often used by institutional investors to safeguard cryptocurrencies.