CALGARY, Alberta--(BUSINESS WIRE)--Balance, Canada’s oldest and largest qualified digital asset custodian, launched EigenLayer support for Ethereum restaking. EigenLayer is a protocol on the Ethereum network which enables asset owners to stake native assets such as ETH, EIGEN, or ERC-20 liquid staking tokens (e.g., stETH, cbETH, lsETH) in order to secure decentralized Ethereum applications. Through this approach, new projects can benefit from Ethereum’s security guarantees without having to go through the costly process of securing their own network. As of the date of this writing over $20B worth of native assets have been restaked through the protocol.
"Balance Trust Company's integration of EigenLayer marks a new frontier for institutional restaking adoption in Canada and the United States." - Alan Curtis, COO of Eigen Labs
“We’ve been enabling our clients to restake ETH and EIGEN since early November, ahead of most other custodians out there. It’s a testament to the ability of our team to execute and stay on the cutting edge of developments within the space.” - George Bordianu, CEO of Balance
Balance’s support for the protocol includes not only a deep technical integration within its platform, but also access to dedicated resources to help clients migrate from other custodians, while continuing to use the EigenPod operator of their choice. Organizations looking to migrate and restake any of their assets can reach out to demos@balance.ca for a complete walkthrough of the process.
About EigenLayer
EigenLayer is a decentralized restaking protocol that enhances the security and scalability of blockchain ecosystems by allowing Ethereum validators to extend their security guarantees to additional networks and services. By leveraging the existing Ethereum staking infrastructure, EigenLayer enables developers and decentralized applications to benefit from Ethereum’s robust security without the need to establish separate validator networks.
About Balance
Balance connects its clients to top-tier providers such as Attestant, BlockFills, Coinbase, and DARMA through its digital asset rails, enabling them to stake, lend, and liquidate billions of dollars worth of assets directly from the comfort of Balance Trust Company, its qualified custodian. To learn more, visit www.balance.ca.
Disclaimer
"Balance" refers to services offered through Paradiso Ventures Inc. and its affiliates. This is not an offer or solicitation of any investment contract or financial security and should not be misconstrued as such. Digital assets and the blockchain are early technologies and, as such, have an associated high degree of risk. Balance does not provide financial, investment, tax, legal, or any other type of professional advice. For informational purposes only.
Paradiso Ventures Inc. is a private company incorporated under the Canada Business Corporations Act, R.S.C., 1985, c. C-44 with its registered office address at 888 3rd St SW, Bankers Hall West Tower, 10th floor (Attn: Balance), Calgary, Alberta, T2P 5C5, Canada. Paradiso Ventures Inc. is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a money services business dealing in virtual currencies with registration number M20210422 and with the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) as a money services business (MSB) with registration number 31000282368430.
Balance Trust Company Ltd. is a subsidiary of Paradiso Ventures Inc. incorporated as a special purpose trust company under the Loan and Trust Corporations Act (Alberta) with the same registered office address as its parent company. Balance Trust Company Ltd. is a FINTRAC-reporting financial entity and also registered with FinCEN a MSB with registration number 31000282368326.
