P2P.org provides institutional memory services in partnership with OKX
Institutional staking firm and validator P2P.org has partnered with OKX exchange to launch crypto staking services for institutional clients.
As part of a P2P staking-as-a-business (SaaB) model, commercial customers will have access to institutional-grade services across multiple properties, including Polkadot ( DOT ), Kusama ( KSM ), Celestia ( TIA ), and Asset. Cardano (ADA).
A P2P spokesperson told Cointelegraph: “Staking with OKX allows qualified users to enjoy APR without the hassle of setting up new nodes,” before listing common barriers preventing institutions from participating in the crypto staking market.
A steep learning curve, time investment and the high cost of running a node are barriers that prevent businesses from taking advantage of the products offered by digital assets, explained a P2P spokesperson.
P2P.org expands footprint
In April, P2P.org hit $7.5 billion in total value locked (TVL) and introduced its “staking-as-businesses” model, to lower barriers to entry for institutional clients.
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At the time, P2P.org CEO Alex Isin told Cointelegraph, “Our goal is to help establish or expand assets held in institutional products, which share contributes at least 10% to total revenue, and to ensure that it reaches 20%.”
Exposure without knowledge
Models such as P2P's SaaB, crypto exchange-traded products and exchange-traded funds (ETFs) are becoming increasingly popular options for institutional investors and traditional financial institutions. These avenues allow institutional players to gain exposure to crypto markets without having to acquire any technical expertise with digital assets.
According to the latest CoinShares “Digital Asset Fund Flows” report, flows into crypto exchange-traded funds and products reached $2 billion in May 2024 – bringing the year-to-date figure to more than $15 billion in capital invested.
Institutional interest in crypto has been rekindled following the approval of the Bitcoin (BTC) ETF in the United States, as leading asset managers such as BlackRock have begun offering BTC exposure to their clients.
This digital asset investment interest has spilled over into other sectors, with pension fund managers diversifying their holdings by gaining exposure to Bitcoin.
In a recent filing with the Securities and Exchange Commission, the State of Wisconsin Investment Board (SWIB), manager of the Wisconsin State Retirement System, said it owns approximately 2.4 million shares of BlackRock's iShares Bitcoin Trust (IBIT) and more than 1 million shares of Grayscale. Bitcoin Trust (GBTC), a $164 million investment in decentralized currency.
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