SDX Web3 Services, a newly launched business unit from SIX Digital Exchange, is now live with its non-custodial ether staking service.
This service enables reliable and secure management of ether validator nodes through a fully managed, API based infrastructure.
The service is tailored to institutional clients who need to scale their ether staking capabilities. This new offering is a straightforward and secure way to launch new validators and generate yield from staking. SDX Web3 Services is already signing its first client for this non-custodial staking service in the private wealth sector in Switzerland.
The Ethereum network is improving the security and stability of its blockchain by preparing an upgrade to a Proof of Stake consensus mechanism. Proof of Stake networks are an attractive alternative to Proof of Work as they do not require energy intensive processing to validate transactions. The recent successful testnet Merge events, and the planned upgrade in September 2022, have led to an increase in institutional demand for ether staking.