P2P.org, an institutional staking firm and validator, has recently launched crypto staking services for business clients in collaboration with the OKX exchange. Under P2P’s staking-as-a-business (SaaB) model, institutional clients will have access to high-quality staking services for various assets such as Polkadot (DOT), Kusama (KSM), Celestia (TIA), and Cardano (ADA).
According to representatives from P2P, staking with OKX allows eligible users to earn an Annual Percentage Rate (APR) without the need to set up new nodes. They also highlighted the common barriers that prevent institutions from entering the crypto staking market, including the steep learning curve, time commitment, and the significant cost of running a node.
In April, P2P.org reached a total value locked (TVL) of $7.5 billion and introduced its staking-as-a-business model to make it easier for institutional clients to participate in staking. CEO Alex Esin shared that their goal is to ensure that staking contributes at least 10% to total revenue, with a target of reaching 20%.
Models like P2P’s SaaB, crypto exchange-traded products, and exchange-traded funds (ETFs) are gaining popularity among institutional investors and traditional financial institutions. These options provide exposure to the crypto markets without requiring expertise in digital assets.
Recent data from aCoinShares report shows that inflows into crypto exchange-traded funds and products reached $2 billion in May 2024, bringing the total capital invested to over $15 billion for the year. Institutional interest in crypto has grown, especially after the approval of a Bitcoin (BTC) ETF in the US, prompting asset managers like BlackRock to offer BTC exposure to their clients.
This interest has extended to other sectors as well, with pension fund managers diversifying their portfolios by investing in Bitcoin. The State of Wisconsin Investment Board (SWIB) disclosed in a Securities and Exchange Commission filing that they had invested approximately $164 million in Bitcoin through shares of BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale’s Bitcoin Trust (GBTC).