Northstake to Become a NEAR Protocol Validator
As a validator, Northstake will play a crucial role in the security, verification, and growth of NEAR Protocol, accelerating the development of a decentralized internet while unlocking investment opportunities for institutional investors.
Copenhagen, Denmark — 10 November 2023 — Northstake is now a validator for the NEAR Protocol. As a validator, Northstake will help secure and verify decentralized transactions on NEAR, while simultaneously unlocking opportunities to stake and receive rewards with NEAR tokens for institutional investors. Northstake boasts major industry partners including Fireblocks, Chainalysis, BCB Group, Skynet Trading, and more.
Jesper Johansen, Founder and CEO of Northstake, said “NEAR’s ecosystem has an admirable ethos which complements the Web3 industry: it is committed to openness, sustainability, and a vision that prioritizes placing data and technology at the service of humanity. Having established itself as a compliant and secure virtual asset service provider to multiple institutions, Northstake is now proud to support the rapid development of the NEAR network as a validator. This collaboration paves the way for increased opportunities for our growing clientele to interact with, invest in, and benefit from NEAR’s fast-growing ecosystem.”
By partnering with NEAR, Northstake is actioning its commitment to the highest industry standards of security and regulatory compliance. Built on the Blockchain Operating System (B.O.S), an open-source platform that gives developers the ability to build on any blockchain using familiar languages and a broad set of components, the NEAR Protocol supports an ecosystem of varied and vibrant projects building decentralized solutions.
Claudio Cossio, co-founder of Meta Pool DAO, said: “We have found in Northstake a great node operator partner, bringing expertise in running secure and robust infrastructure to support individuals, organizations, and projects building on the NEAR Protocol blockchain.”
Northstake operates as a fully regulated investment provider under the Danish Financial Supervisory Authority and complies with the 5th EU Anti-Money Laundering Directive. Our mission is to empower professional clients to participate in staking with minimal counterparty risk and full collateralization of their investments. We uphold the highest standards to mitigate legal and counterparty risks through stringent anti-money laundering protocols and audited proof of assets staked. Furthermore, Northstake ensures the utmost security of all client funds through the cutting-edge multi-party computation (MPC) technology provided by Fireblocks.
About NEAR Protocol
NEAR protocol is a high-performance blockchain that is designed to be super-fast, incredibly secure, and infinitely scalable. The NEAR team comprises world-class engineers and business development experts who have built a blockchain mainnet that is highly usable, scalable, and environment-friendly. NEAR Protocol has been recognized for its technical capabilities and has attracted investment from leading investors such as a16z, Coinbase Ventures, Multi Coin Capital, and Hashed. It also manages an ecosystem fund of $800 million to enhance the NEAR ecosystem.
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