- The integration of Utila and Chorus One enables institutions to stake and delegate digital assets seamlessly through Chorus One within the Utila ecosystem.
- The strategic partnership enables institutions to stake across 40 different chains while ensuring regulatory compliance.
- The strategic integration will help both entities grow exponentially amid the cryptocurrency and Web3 global boom.
Utila, an institutional multi-chain crypto wallet platform that combines non-custodial security with MPC-based key management, has announced a strategic partnership with Chorus One, a Switzerland-based blockchain infrastructure company that focuses on staking services for Proof-of-Stake (PoS) chains. Following the strategic integration between Chorus One and Utila, institutions can now seamlessly access digital asset staking across more than 40 blockchains offered by Chorus One within the Utila ecosystem.
The dual will offer institutional clients a secure and compliant way to earn passively through PoS staking. Moreover, Utila’s institutional clients can access liquid staking of several digital assets through Chorus One’s integration with EigenLayer.
“Our mission is to make institutional digital asset operations secure, scalable, and simple,” Bentzi Rabi, Co‑Founder & CEO of Utila. “With Chorus One now part of our staking suite, institutions can now benefit from industry‑leading staking infrastructure across even more networks—reinforcing our commitment to delivering the most robust and flexible staking experience available.”
More Features of the Integration Between Utila and Chorus One
The mainstream adoption of digital assets by institutional investors, following the proliferation of clear crypto legislations in major jurisdictions, has created a competitive environment for Web3 protocols. The strategic integration of Utila and Chorus One will play a crucial role in ensuring their respective future growth prospects.
Furthermore, the strategic partnership enables Utila users to seamlessly stake digital assets without any setup. Additionally, Utila users can delegate their staking rewards directly from the platform, which includes its browser extension and integrations to Rabby Wallet and WalletConnect, through the Chorus One ecosystem.
“We are excited to partner with Utila to make secure staking more accessible to institutions. Since 2018, Chorus One has pioneered secure staking infrastructure across diverse PoS networks,” Brian Crain, Co‑Founder and CEO of Chorus One, noted. “Our integration with Utila allows institutional users to access our trusted staking infrastructure seamlessly—within a unified platform that combines custody, compliance, and performance.”
Market Picture
Founded in 2022, Utila has grown to a well-established protocol with a 99.9 percent uptime. The Utila platform has raised more than $11 million in funding, which has helped the company expand to more global markets in a compliant manner. As of this writing, the Utila platform has facilitated more than $35 billion in transaction volume ranging from stablecoins to crypto assets.
On the other hand, the Chorus One platform has facilitated the staking of more than $2 billion across more than 40 different chains at the time of this writing. Since its inception, Chorus One has paid out more than $300 million in rewards to its users, thus earning an impressive reputation with hedge funds and institutional investors.
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