Staked, a blockchain infrastructure company and investment manager, is providing institutional investors with a new vehicle in which to invest in Ether (ETH) and earn staking rewards on the Ethereum 2.0 Beacon Chain.
The Staked ETH Trust is now accepting private placement to accredited investors, the company announced Thursday. The Trust allows investors to gain direct exposure to Ether and earn staking rewards on their holdings. The return for staking ETH is expected to be up to 8%.
The trust operates as a traditional investment vehicle that “wraps all the complexity of owning and staking ETH in a simple and reliable structure,” the company said.
Tim Ogilvie, CEO of Staked, said the ability to earn staking rewards is one of the biggest draws of cryptocurrency investing. However, outside of early adopters and crypto enthusiasts, the staking process isn’t intuitive to most investors. For institutions, it requires special custodying arrangements, a high degree of technical expertise and the patience to keep their assets locked in smart contracts indefinitely.
“As the appeal of owning cryptocurrency grows, so too does the desire to earn Title: Staked ETH Trust opens Ethereum staking to accredited investors
Sourced From: cointelegraph.com/news/staked-eth-trust-opens-ethereum-staking-to-accredited-investors
Published Date: Thu, 25 Mar 2021 14:00:00 +0000