Digital asset staking services provider
Northstake will help to expand Kvarn Capital's offering for
comprehensive and secure institutional investment
opportunities
COPENHAGEN, Denmark, April 24,
2024 /PRNewswire/ -- Northstake, the digital
asset staking provider regulated by the Danish Financial Authority,
has extended its collaboration with Kvarn Capital to support
Ethereum (ETH) staking services on the
Kvarn X platform. The move will see Kvarn Capital broaden its
existing digital asset investing and asset management services for
clients while bringing Northstake's ETH staking
capabilities to new audiences.
Joonas Järvinen, Founder of Kvarn Capital, said: "This
expansion into Ethereum staking is an exciting
development for our clients in the Nordics, for the first time
accessing institutional-grade staking services with
Ethereum as the biggest PoS blockchain at the
forefront. We're proud to enhance our service offerings and
contribute to the growth of digital assets in the Nordic
countries."
Allowing investors to access institutional-grade staking
services further increases the utility and appeal of the
Ethereum ecosystem as a whole, while ensuring that
Kvarn's clients have direct access to unrivaled institutional
staking services. As a highly regulated staking service provider,
Northstake's services come with high standards of transparency and
compliance with a verified source of funds, full control of
validator nodes, and no commingling of assets.
Jesper Johansen, Founder and CEO
of Northstake said: "We're pleased to see Northstake's services
integrated into Kvarn X's suite, which includes a professional
brokerage and custody platform, along with EU-compliant Alternative
Investment Funds (AIFs). This is a significant opportunity for us,
as Kvarn X provides Northstake with important access to Nordic
investors as they broaden their portfolios to include staked
ETH. The demand behind this move furthers our belief
that Ethereum staking products will be a key tool for
institutional investors. We're looking forward to enhancing the
investment options of Kvarn Capital's growing client base.
"
Northstake has exhibited strong growth, financially and
reputationally since beginning operations in 2021. Having
raised $3M in funding in
2023, the company has since announced collaborations and
integrations with Coinify, GL21 Capital, Kvarn
Capital, Flare Network, NEAR Protocol, Polygon and,
most recently, 3iQ. Northstake also boasts blue-chip partnerships
with industry giants such as Fireblocks and Chainalysis. This,
coupled with its expanding network presence, and strong financial
support leaves the company well-positioned for further growth and
success.
Jesper Johansen,
CEO & Founder of Northstake is available for
interviews.
About Northstake A/S
Northstake A/S is a highly regulated, custodial, virtual
asset service provider offering compliant staking products for
institutions. Northstake offers a variety of investment vehicles
including single, multi-asset, thematic staking, and
yield-generating products in addition to a suite of OTC and
algorithmic trading services. Based in Denmark, Northstake acts as a bridge between
traditional finance and the crypto world, simplifying
and securing the way institutions invest in crypto.
Through its proprietary multi-chain crypto staking
platform, it carves out accessible pathways for investors to build
yield-generating crypto products, giving investors the
opportunity to be part of building the economies of tomorrow.
Northstake A/S (VASP, FTID: 17520) is regulated under the Danish
Financial Supervisory Authority (DFSA) and the 5th EU Anti-Money
Laundering Directive (AMLD5).
About Kvarn Capital
Kvarn is a professional and regulated partner for
investments and asset management in the digital assets space. Kvarn
X, a trading platform provided by Kvarn Capital, offers the largest
selection of cryptocurrencies in the Nordics.
Professional liquidity, seamless order execution, and institutional
custody setup supported by Fireblocks infrastructure provide
professional access to crypto trading for individuals
and institutions. Kvarn Capital Oy (Kvarn X) is regulated under the
Finnish Financial Supervisory Authority (FIN-FSA) as a Virtual
Currency Service Provider (VASP) and as a Registered Electronic
Money Institution (EMI). In addition to Kvarn X's professional
brokerage and trading services, Kvarn Group's product range
includes digital asset Alternative Investment Funds (AIFs) tailored
to the needs of professional investors. The funds are managed by
Kvarn Asset Management, a registered alternative investment fund
manager (AIFM), under the supervision of the Financial Supervisory
Authority (FIN-FSA).
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SOURCE Northstake