The startup provides a blockchain platform that serves as a crypto asset service partner for institutional investors, utilizing a secure validator node infrastructure for proof-of-stake networks. This technology enables clients to access web3 services efficiently while ensuring compliance with audit and inspection standards.
Funding
$3.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Institutional investors face regulatory and compliance hurdles when participating in proof-of-stake (PoS) networks, limiting their ability to earn yield on digital assets. Existing staking solutions often lack the necessary safeguards for anti-money laundering (AML) and adherence to Know Your Customer (KYC) principles.
Solution
Northstake provides a secure and compliant platform for institutional investors to access web3 services, specifically staking in PoS networks. The platform offers regulatory compliant staking solutions that enhance fund performance and capital efficiency. Northstake's infrastructure is designed to meet the stringent requirements of regulated financial institutions, digital asset managers, and trading firms, ensuring compliance with OFAC and AML regulations. The platform integrates with industry-leading custodians and market makers to provide a seamless and secure staking experience.
Target Audience
Northstake primarily targets regulated financial institutions, digital asset managers, digital asset custodians, and trading firms seeking compliant and secure staking solutions.
Features
- OFAC and AML compliant staking infrastructure
- IAS compliant rewards reporting
- Integration with Fireblocks MPC for secure digital asset custody
- Support for 50+ blockchain networks
- SOC 1 Type 1 audited platform
- API integration for seamless access to staking services
- Validator liquidation service for instant exchange of staked ETH for liquid ETH
- Tokenized staking platform
- Access to a marketplace for ETH validators