By
Steve Muchoki
April 17th, 2024
Bison Trails announced today extending of collaboration with Coinbase Custody. This integration combines Coinbase Custody’s institutional-grade offline storage solution with the Bison Trails infrastructure platform, allowing Coinbase Custody clients to seamlessly stake their DOT to Bison Trails’ validators.
Bison Trails, the premier blockchain infrastructure-as-a-service company announced today an extension of its integration with Coinbase Custody. This integration will allow Coinbase Custody clients to seamlessly stake Solana (SOL) tokens to enterprise-grade validators on the Bison Trails platform.
According to the announcement sent to Coinspeaker, Coinbase Custody provides an institutional-grade offline storage solution and is one of the first cold storage custodians to offer SOL. Paired with Bison Trails’ secure infrastructure platform, users are presented with the optimal conditions to participate in the SOL network by staking with safe, offline storage of their assets. Delegating SOL now, during Solana’s “warmup period,” gives the stake more time to become active before inflation is enabled on the Solana network and participants can start earning rewards.
This collaboration represents a deepening of the integration of Coinbase Custody’s institutional-grade offline storage solution with the Bison Trails infrastructure platform and comes on the heels of an inaugural collaboration to enable Polkadot (DOT) staking to Bison Trails’ public validators. Coinbase Custody users can stake Solana (SOL) tokens to validators on the Bison Trails platform, easily and securely.
Joe Lallouz, CEO of Bison Trails commented:
“By extending this integration, Bison Trails is now enabling any Coinbase Custody customer to stake their SOL, and DOTs securely to Bison Trails’ highly available validators. It’s a seamless integration and a phenomenal user experience. We look forward to working with the Coinbase Custody team to continue to add support for more protocols in the near future.”
Customers of both Coinbase Custody and Bison Trails will be able to select their Bison Trails validator via the Coinbase interface. This will make it simple to participate in securing Solana, and Polkadot in just a few clicks.
Sam McIngvale, CEO of Coinbase Custody added:
“We are excited to offer our clients an effortless way to stake on the new networks they care about most. With our Bison Trails integration, it has never been easier to earn staking rewards on Coinbase Custody.”
Entity Built on Coinbase’s Crypto-First DNA
Launched in 2018, Coinbase Custody offers its clients access to the same secure, institutional-grade offline storage solution that has been used by Coinbase’s exchange businesses since 2012. Coinbase Custody is regulated by the New York State Department of Financial Services and is an independent entity built on Coinbase’s crypto-first DNA. All customer digital assets are segregated, held in trust for the benefit of our clients, and protected by an industry-leading insurance program. Coinbase Custody currently offers support for more than 37 digital assets.
Bison Trails is an Infrastructure-as-a-Service company, based in New York City, specifically focused on blockchain participation. It has built a platform for anyone who wants to participate in new chains effortlessly (e.g. by running Cosmos Validators, Tezos Bakers, and Libra Validators, etc.), without having to invest time and resources into developing any of the engineering, protocol, dev ops, or security competencies in-house. Bison Trails offers geographically distributed infrastructure for the pioneers of tomorrow, to secure networks, and enable the entire blockchain ecosystem to flourish.
Solana is a high-throughput blockchain that is currently supporting 50,000 transactions per second and 400ms block times, without complex solutions like sharding or layer-two. As the world’s first web-scale blockchain, Solana unlocks a whole new class of performant applications and facilitates larger-scale blockchain adoption. Utilizing a revolutionary innovation called Proof of History, Solana is drastically able to outperform any other existing layer 1 and provide fees at $0.00001 per transaction. Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, it is a single-chain, Proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security.