Validation Cloud, a Web3 infrastructure platform, has introduced a staking-as-a-service platform for institutions. Through the platform’s smart contract automation, institutions may deploy validators in large quantities and get rewards. The platform is non-custodial and allows institutions to stake as needed.
Validation Cloud has made sure that its platform complies with SOC2 standards. The American Institute of Certified Public Accountants established the optional compliance standard known as SOC2, or Systems and Organization Controls 2.
The framework’s goal is to protect businesses’ high standards for data security by guaranteeing that client data complies with five key principles: availability, processing integrity, security, privacy, and confidentiality.
Validation Cloud’s chief strategy officer, Alex Nwaka, said that the company has customized its offering to meet the needs of institutional staking vendors.
Nwaka stated:
“Validation Cloud has developed our offering in response to the unmet needs of institutional staking partners, namely the ability to stake client assets on-demand and automatically split rewards transparently on-chain.”
He points out that these characteristics may help their partners grow their staking initiatives while lowering the administrative expenses related to institutional non-custodial staking.
Nwaka further added:
“The market implications of institutions entering the staking space are massive — an exponential step change in the amount of assets being staked and a complete shift in service provider requirements, specifically performance, scale and compliance.”
