P2P.org, a leading institutional staking firm and validator, has recently introduced crypto staking services for institutional clients in collaboration with OKX exchange. Under P2P’s innovative staking-as-a-business model (SaaB), business clients now have access to top-notch staking services for various assets, including Polkadot (DOT), Kusama (KSM), Celestia (TIA), and Cardano (ADA).
Representatives from P2P shared with Cointelegraph that staking with OKX allows eligible users to benefit from an APR without the need to set up new nodes. They highlighted common obstacles faced by institutions in entering the crypto staking market, such as a steep learning curve, time commitment, and the high costs associated with running a node.
In April, P2P.org achieved a total value locked (TVL) of $7.5 billion and introduced its staking-as-a-business model. CEO Alex Esin emphasized the goal of reducing barriers for institutional clients and ensuring that staking contributes significantly to total revenue.
In the evolving landscape of institutional investment, models like P2P’s SaaB, crypto exchange-traded products, and exchange-traded funds (ETFs) are gaining popularity. These options provide institutional players with exposure to the crypto markets without requiring expertise in digital assets.
Recent reports from CoinShares indicate a significant influx of funds into crypto exchange-traded products, exceeding $2 billion in May 2024 and totaling over $15 billion year-to-date. Institutional interest in crypto has surged following the approval of a Bitcoin (BTC) ETF in the US, with asset managers like BlackRock offering BTC exposure to clients.
This growing interest in digital asset investment has extended to pension fund managers diversifying their portfolios by investing in Bitcoin. The State of Wisconsin Investment Board (SWIB) disclosed a substantial investment of $164 million in BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale’s Bitcoin Trust (GBTC) in a recent Securities and Exchange Commission filing.