Taurus and Figment Join Forces: Big Banks Can Now Stake Crypto!

Hang onto your hats, folks! Taurus and Figment have just dropped a bombshell partnership that's set to shake up the world of traditional finance. We're talking about bringing crypto staking right into the heart of major global banks.

On April 29th, these two powerhouses announced their game-changing move. Taurus, the crypto custody maestros, and Figment, the staking wizards, have teamed up to let banks stake Ethereum, Solana, and more without breaking a sweat.

Get this: banks holding these proof-of-stake gems on Taurus custody can now rake in those sweet, sweet staking rewards. And the best part? They can do it all within the Taurus PROTECT platform, while keeping full control over their crypto stash.

Eva Lawrence, Figment's Regional Managing Director in EMEA, couldn't contain her excitement: "This collaboration is the real deal. We're talking about combining our top-notch experience with the big dogs in banking and institutions. We're proud to deliver a rock-solid custody solution that lets banks stake like pros, all tailored to their needs."

Staking for Banks Just Got a Whole Lot Easier

Figment's staking magic is now seamlessly integrated with Taurus PROTECT, making it a breeze for banks to stake their assets. No more messing around with complex blockchain voodoo. And Taurus swears that those staked assets stay locked down tight within their fortress-like platform.

Victor Busson, Chief Marketing Officer at Taurus, is all in on this game-changer: "This partnership is a match made in heaven. We're bringing together two companies that live and breathe the institutional world. It's all about giving those regulated financial heavyweights a secure, compliant, and scalable way to dive into staking."

For institutions betting big on altcoins like Solana and Ethereum, staking income is the name of the game. It's what makes their investment worth the ride, especially for Solana holders who are swimming in those juicy staking rewards.

Just to blow your mind, over 64.98% of Solana tokens are currently staked, and its staking market cap has just flexed its muscles over Ethereum's. And hold onto your seats, because some of those upcoming Solana ETFs are expected to include staking rewards too!