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Betting platform P2P.org is partnering with Northstake, a tokenized ethereum validator marketplace, to bolster institutional participation in the betting market.
P2P.org, which offers non-custodial staking services, has joined Northstake's eth validator marketplace as an infrastructure provider, the two platforms announced in a <a target="_blank" href="https://www.prnewswire.com/news-releases/p2porg-joins-northstakes-eth-validator-marketplace-as-staking-provider-302357623.html” target=”_blank” rel=”nofollow”>Press release It's January. 23.
Through this collaboration, P2P.org will provide institutions seeking exposure to the $2.8 trillion betting ecosystem access to enterprise-grade nodes. The platform will also share its expertise in ethereum (eth) validation operations, helping to unlock participation opportunities for institutional players.
“Northstake's eth Validator Marketplace represents a significant advancement in institutional staking solutions, particularly for regulated financial institutions that require both liquidity and regulatory compliance. Our partnership will combine P2P.org’s enterprise-grade node infrastructure with Northstake’s innovative marketplace, setting new standards for institutional engagement services,” said Alex Esin, CEO of P2P.org.
Asset managers can leverage Northstake's staking model to exchange eth validators. Major players using this service include Keyrock, GSR, Nonco, and DV Chain. Canadian investment fund manager 3iQ also used Northstake's eth validator marketplace to improve its staking assets.
P2P.org introduced its staking solution as a business for institutional players in April 2024. The multi-chain staking platform raised $23 million in a funding round led by venture capital firm Jump crypto in 2023. Its service SaaB has enabled the platform. to bring stakes to custodians, exchanges and crypto wallet providers.
According to P2P.org figures, its total value locked has exceeded $8 billion, while the number of delegates has increased to more than 90,000.
