Ceffu Expands Native Staking With Support for Polygon Protocols
We’re excited to announce our latest integration on Polygon, which allows Ceffu’s institutional clients to directly stake and earn rewards on their MATIC tokens from the security of their Qualified Wallet on Ceffu.
With existing support for the Polygon network, as well as MATIC on the Ethereum, BNB Chain and Polygon networks for general deposits and withdrawals, this expansion emphasizes our full suite of custody and liquidity services enabling institutions to manage and utilize their MATIC tokens more securely and efficiently.
“When you examine the needs of the institutional marketplace, number one and two are security and efficiency. Without these, enthusiasm is tepid at best. Ideally, institutions should be completely comfortable participating in the security of the network via staking, and Ceffu is providing brilliant infrastructure to further this reality of institutional adoption and active participation on the Polygon Network.” – Colin Butler, Global Head of Institutional Capital – Polygon Labs
Our native staking solution is built on top of our Qualified Wallet infrastructure, which uses multi-party computation technology to prevent any single point of failure and optimize the security of your account. Through native staking, institutions are offered a secure gateway to the Polygon protocol to stake their MATIC tokens based on the available validators and their performance, while their staked MATIC tokens remain in the insured and secured custody of our cold storage solution.
“We’re thrilled to expand our staking solution by offering support for MATIC. The Polygon Labs team has also been working on exciting institutional developments to facilitate their adoption and participation in the space. Direct staking provides an attractive alternative for institutions to gain exposure to cryptocurrencies; we look forward to introducing more opportunities for our institutional clients to generate yield on their digital assets in the coming weeks.” – Athena Yu, Vice President – Ceffu
Start earning rewards on your MATIC tokens
Existing Ceffu clients can start staking their MATIC tokens by navigating to the Staking menu from their main web portal after logging in and selecting the ‘Native Staking’ tab.
If you are not yet a Ceffu client, contact us to get started.