CESR

Northstake Announces Tokenized Staking on Ethereum Testnet with 3iQ, CoinFund and CoinDesk Indices

Retrieved on: 
Wednesday, April 17, 2024

COPENHAGEN, Denmark, April 17, 2024 /PRNewswire/ -- Northstake, a regulated custodial virtual asset service provider offering compliant staking products for institutions, has announced the launch of a tokenized ETH staking pilot on the Ethereum testnet, Holesky. The pilot is conducted in collaboration with leading digital asset manager 3iQ, a Canadian investment fund manager, alongside CoinFund and CoinDesk Indices, contributing CESR™, the composite ether staking rate. Industry-leading liquidity providers are currently onboarding with Northstake and will be announced shortly.

Key Points: 
  • The pilot is conducted in collaboration with leading digital asset manager 3iQ, a Canadian investment fund manager, alongside CoinFund and CoinDesk Indices, contributing CESR™, the composite ether staking rate.
  • Northstake demonstrates the capability of tokenized staking to allow regulated institutions to liquidate their Ethereum validator nodes within hours instead of days, while satisfying regulators' requirements.
  • Northstake envisions a frictionless marketplace for tokenized Web3 infrastructure and expects the Holesky testnet launch to pave the way for a Mainnet launch later this year.
  • Pascal St-Jean , President of 3iQ, stated, "We are happy to be an early testing partner with Northstake on tokenized ETH staking.

Northstake Announces Tokenized Staking on Ethereum Testnet with 3iQ, CoinFund and CoinDesk Indices

Retrieved on: 
Wednesday, April 17, 2024

COPENHAGEN, Denmark , April 17, 2024 /PRNewswire/ -- Northstake, a regulated custodial virtual asset service provider offering compliant staking products for institutions, has announced the launch of a tokenized ETH staking pilot on the Ethereum testnet, Holesky. The pilot is conducted in collaboration with leading digital asset manager 3iQ, a Canadian investment fund manager, alongside CoinFund and CoinDesk Indices, contributing CESR™, the composite ether staking rate. Industry-leading liquidity providers are currently onboarding with Northstake and will be announced shortly.

Key Points: 
  • The pilot is conducted in collaboration with leading digital asset manager 3iQ, a Canadian investment fund manager, alongside CoinFund and CoinDesk Indices, contributing CESR™, the composite ether staking rate.
  • Northstake demonstrates the capability of tokenized staking to allow regulated institutions to liquidate their Ethereum validator nodes within hours instead of days, while satisfying regulators' requirements.
  • Northstake envisions a frictionless marketplace for tokenized Web3 infrastructure and expects the Holesky testnet launch to pave the way for a Mainnet launch later this year.
  • Pascal St-Jean , President of 3iQ, stated, "We are happy to be an early testing partner with Northstake on tokenized ETH staking.

FalconX Completes the First Ethereum Staking Rate Swap Using CESR™

Retrieved on: 
Tuesday, March 12, 2024

NEW YORK, March 12, 2024 /PRNewswire/ -- FalconX (dba Solios), a leading provider of digital asset prime brokerage, trading, and derivatives services for institutional clients, through FalconX Solios, completed the first fixed-floating swap on the Ethereum staking rate, using CESR, the composite ether staking rate. This innovative and groundbreaking transaction enables institutional investors, staking providers, and Ethereum network users to manage risk around Ethereum staking yields and transaction costs and lock in fixed rates of return.

Key Points: 
  • Multicoin Capital and Parataxis Capital trade first ever swap transaction on CESR, the composite ether staking rate, created by CoinDesk Indices and CoinFund
    NEW YORK, March 12, 2024 /PRNewswire/ -- FalconX (dba Solios), a leading provider of digital asset prime brokerage, trading, and derivatives services for institutional clients, through FalconX Solios, completed the first fixed-floating swap on the Ethereum staking rate, using CESR , the composite ether staking rate.
  • This innovative and groundbreaking transaction enables institutional investors, staking providers, and Ethereum network users to manage risk around Ethereum staking yields and transaction costs and lock in fixed rates of return.
  • CESR is a benchmark rate for Ethereum staking rewards, published daily by CoinDesk Indices , the leading provider of digital asset indices since 2014.
  • The introduction of CESR in an over-the-counter (OTC) interest rate swap format opens up avenues for institutions to explore yield opportunities within the ETH staking ecosystem.

RedStone Delivers Report on Ethereum-Focused LSTfi Protocols, the Most Comprehensive of its Kind

Retrieved on: 
Tuesday, November 7, 2023

BAAR, Switzerland, Nov. 7, 2023 /PRNewswire/ -- RedStone, originator of the next-generation oracles platform for decentralized finance, today announced the release of its LSTfi and Staking Report, The Ultimate Q4 2023 Market Overview. This Ethereum-focused report is the most comprehensive of its kind, analyzing over 50 projects featuring prominent digital asset leaders including CoinDesk Indices, EigenLayer, Lido and StakeWise (expected to launch V3) among others.

Key Points: 
  • This Ethereum-focused report is the most comprehensive of its kind, analyzing over 50 projects featuring prominent digital asset leaders including CoinDesk Indices, EigenLayer, Lido and StakeWise (expected to launch V3) among others.
  • "We've dedicated months to researching and building out this unparalleled report," said Marcin Kaźmierczak, Co-Founder and COO of RedStone.
  • Furthermore, RedStone will present its key report findings during Devconnect in Istanbul (November 13th to 19th), which is this year's biggest Ethereum gathering worldwide.
  • For more information and to view RedStone's LSTfi Report in its entirety, please visit blog.redstone.finance/2023/11/06/lstfi-report-the-ultimate-q4-2023-market-overview/ .

RedStone Delivers Report on Ethereum-Focused LSTfi Protocols, the Most Comprehensive of its Kind

Retrieved on: 
Tuesday, November 7, 2023

BAAR, Switzerland, Nov. 7, 2023 /PRNewswire/ -- RedStone, originator of the next-generation oracles platform for decentralized finance, today announced the release of its LSTfi and Staking Report, The Ultimate Q4 2023 Market Overview. This Ethereum-focused report is the most comprehensive of its kind, analyzing over 50 projects featuring prominent digital asset leaders including CoinDesk Indices, EigenLayer, Lido and StakeWise (expected to launch V3) among others.

Key Points: 
  • This Ethereum-focused report is the most comprehensive of its kind, analyzing over 50 projects featuring prominent digital asset leaders including CoinDesk Indices, EigenLayer, Lido and StakeWise (expected to launch V3) among others.
  • "We've dedicated months to researching and building out this unparalleled report," said Marcin Kaźmierczak, Co-Founder and COO of RedStone.
  • Furthermore, RedStone will present its key report findings during Devconnect in Istanbul (November 13th to 19th), which is this year's biggest Ethereum gathering worldwide.
  • For more information and to view RedStone's LSTfi Report in its entirety, please visit blog.redstone.finance/2023/11/06/lstfi-report-the-ultimate-q4-2023-market-overview/ .

The Methodic CoinDesk ETH Staking Fund Launches, Delivering an Ethereum Total Return Solution to Institutional Investors

Retrieved on: 
Wednesday, October 18, 2023

NEW YORK, Oct. 18, 2023 /PRNewswire/ -- Methodic Capital Management, an industry innovator in bringing fiduciary responsibility and thoughtful execution to bridge blockchain with broader financial markets, and CoinDesk Indices (CDI), a subsidiary of CoinDesk and the leading provider of digital asset indices by AUM since 2014, today announced the launch of the Methodic CoinDesk ETH Staking Fund (The Fund).

Key Points: 
  • "We are excited to support the Methodic CoinDesk ETH Staking Fund with a total return ETH benchmark that institutional investors will find familiar from investment products in traditional asset classes," said Andy Baehr, CFA, Managing Director at CoinDesk Indices.
  • "With this launch, Methodic Capital will aim to help investors capture the complete investment case for Ethereum, including ETH's staking yield."
  • The Methodic CoinDesk ETH Staking Fund, as a regulated web3 offering, introduces a new spectrum of users into the BitGo ecosystem.
  • To learn more about the Methodic CoinDesk ETH Staking Fund and this groundbreaking collaboration, please visit www.methodiccapital.com .

AMERICAN BATTERY FACTORY NAMES AWARD-WINNING DR. JUN LIU CHIEF SCIENTIST

Retrieved on: 
Tuesday, September 5, 2023

AMERICAN FORK, Utah, Sept. 5, 2023 /PRNewswire/ -- American Battery Factory Inc. (ABF), an emerging battery manufacturer leading the development of the first network of lithium iron phosphate (LFP) battery cell gigafactories in the United States, today announced it has hired Dr. Jun Liu as the company's chief scientist to lead and support all aspects of ABF's research and development. In addition to his role at ABF, Liu serves as the director for the Innovation Center for the Battery500 Consortium, Washington Research Foundation Innovation Chair in Clean Energy, Campbell Chair of Materials Science & Engineering and Battelle Fellow at the Pacific Northwest National Laboratory (PNNL).

Key Points: 
  • "Dr. Liu brings a wealth of industry knowledge and exceptional experience to American Battery Factory, perfect for leading the development of our unique battery technology as we begin our network of gigafactories here in the United States," said Jim Ge, CEO of American Battery Factory.
  • At ABF, Liu will lead and support all aspects of the company's research and development from start to finish.
  • In his new role as ABF's chief scientist, he brings in-depth expertise in materials synthesis, characterization and application of advanced materials for energy.
  • "ABF's mission to develop a domestic supply chain for LFP batteries allows us to truly make energy independence a reality for everyone," said Dr. Jun Liu, chief scientist at American Battery Factory.

CoinFund Reinforces Commitment to Web3 Technology with the Close of $158M Seed IV Fund

Retrieved on: 
Tuesday, July 18, 2023

CoinFund , a leading cryptonative investment firm and registered investment adviser, today announces the close of $158 million (M) CoinFund Seed IV Fund LP (“Seed IV” or “The Fund”), backed by a combination of sophisticated institutional investors, family offices, and high net worth individuals.

Key Points: 
  • CoinFund , a leading cryptonative investment firm and registered investment adviser, today announces the close of $158 million (M) CoinFund Seed IV Fund LP (“Seed IV” or “The Fund”), backed by a combination of sophisticated institutional investors, family offices, and high net worth individuals.
  • CoinFund Seed IV LP exceeded its initial target fundraising goal of $125M.
  • The Fund will support pre-seed and seed stage investments in new and ambitious founding teams across the web3 ecosystem.
  • The close of Seed IV comes after the recent announcement of CESR , the composite ether staking rate, announced by CoinFund in collaboration with CoinDesk Indices.

CoinDesk Indices and CoinFund Announce CESR, the Benchmark Rate for Staking on Ethereum

Retrieved on: 
Thursday, April 27, 2023

CoinDesk Indices , the leading provider of digital asset indices by AUM since 2014, in partnership with CoinFund , a leading Web3 and crypto-focused investment firm and registered investment adviser, today announced CESR, the composite ether staking rate.

Key Points: 
  • CoinDesk Indices , the leading provider of digital asset indices by AUM since 2014, in partnership with CoinFund , a leading Web3 and crypto-focused investment firm and registered investment adviser, today announced CESR, the composite ether staking rate.
  • CESR is a global floating rate benchmark derived from the daily transaction fees and staking rewards emitted from the Ethereum Proof of Stake (PoS) blockchain.
  • “We are excited to launch what we see as a defining institutional reference rate for the crypto asset class,” said Chris Perkins, President of CoinFund.
  • “Our partnership with CoinFund creates such a foundational piece of infrastructure to crypto asset markets,” said Alan Campbell, President of CoinDesk Indices.