Bitmine Launches In-House Staking Platform, "Designed for Institutional Investors"

Source

JOON HYOUNG LEE

Summary

Bitmine, the world’s largest Ethereum (ETH) treasury company, said it has launched MAVAN, an institutional-grade Ethereum staking platform.
Bitmine said it staked 101,776 Ethereum on MAVAN last week and plans to stake all of its remaining unstaked Ethereum holdings on MAVAN going forward.
Tom Lee, chairman of Bitmine, said MAVAN will become the world’s largest Ethereum staking platform and that it plans to expand into proof-of-stake (PoS) networks and blockchain infrastructure.

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Bitmine, the world’s largest Ethereum (ETH) treasury company, has launched its own Ethereum staking platform.

On the 25th (local time), Bitmine announced the launch of its institutional-grade Ethereum staking platform, “MAVAN.” The company said, “MAVAN is designed as an Ethereum staking platform for institutional investors,” adding, “It was developed to support Bitmine’s in-house staking, but we plan to scale it so it can also provide services to institutional investors and others seeking staking infrastructure.”

Last week, Bitmine staked 101,776 Ethereum on MAVAN. The company plans to stake all of its unstaked Ethereum holdings on MAVAN in the coming weeks.

Tom Lee, chairman of Bitmine, said, “Given that Bitmine is the world’s largest holder of Ethereum, MAVAN will become the world’s largest Ethereum staking platform immediately after launch,” adding, “We plan to expand into proof-of-stake (PoS) networks and blockchain infrastructure going forward.”

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