BitGo and Pier Two are pleased to announce that, effective immediately, Pier Two’s staking services will be natively integrated into BitGo’s platform, and accessible by BitGo’s global institutional customers.
The coming together of BitGo’s globally regulated custody, financial services, and core infrastructure and Pier Two’s performant staking technology will provide a key outcome for BitGo and Pier Two’s customers.
BitGo and Pier Two have been working collaboratively “for some time, particularly in the APAC region.”
Formally announcing this partnership is “to confirm the product integration is now live.”
The product integration will include Ethereum staking “on day one, and, in the months ahead, expand to include other leading PoS networks.”
Here’s how to access via BitGo:
- Go through onboarding with BitGo support team (support@bitgo.com) to configure to Pier Two for ETH
- Log in to your BitGo account
- Create a wallet
- Select the asset you want to stake (e.g., ETH)
- Choose the amount you want to stake (multiples of 32 ETH)
- Click on the “Stake” button (defaults to Pier Two for selected wallet)
As noted in the update, BitGo is the infrastructure “provider of digital asset solutions, offering custody, wallets, staking, trading, financing and settlement out of regulated cold storage.”
Founded in 2013, BitGo claims it is the first digital asset company “to focus exclusively on serving institutional clients.”
BitGo is dedicated to advancing “a digital financial services economy that is borderless and accessible 24/7.”
With multiple Trust companies around the world, BitGo says it is “the preferred security and operational backbone for more than 1,500 institutional clients in 50 countries, including many of the world’s top brands, cryptocurrency exchanges and platforms. BitGo also secures approximately 20% of all on-chain Bitcoin transactions by value and is the largest independent digital asset custodian.”
As mentioned in the announcement, Pier Two is “an Australian-based, enterprise staking and infrastructure services provider.”
Established in 2018, Pier Two is now “one of the fastest growing staking services providers in the APAC region with ISO 27001:2022 certification and over $2B in assets under stake and delegation.”
Pier Two has supported the Chainlink network “since 2019, and now supports other globally leading protocols like EigenLayer, Symbiotic, Solana, NEAR, Polygon, and many more.”
Pier Two is also building “the light client Lantern, and is currently in active grant status with funding from the Ethereum Foundation.”