Ethereum staking and the digital contracts has inspired variety of the real world projects. Now this has lead to the digital custody applications and the asset management services. And govt and banks are investing into such type of the investment market. Swiss banks has changed from tax heaven to the crypto investment market. And they are partnering with variety of decentralized projects to build their stake into this industry.
Take example of Taurus which is a crypto custody solution company it has been building the solution and services for swiss banks for a while now. They have recently partnered with a company that works in the Etheruem staking solutions.
This platform would allow the banks to stake their Ethereum and also get the rewards. So basically staking contracts would happen on Lido and then the internal token would be rewarded for the stake and this would be traded for the stablecoin as the banks wish to do so in the real time or based on the rewards mechanism.
Most of the EU banks which are FINMA registered would be taking part into this type of the staking. And they would be bridging the gap between the centralized finance with such DeFi tools. This could make the custody of digital assets easier as the staking on Ethereum for the real world scenario like the traditional finance becomes new norm.
Lido currently has both Polygon and Ethereum based infrastructure for the staking and the token marketplace for the rewards. This would make it easire for anyone to use the DeFi mechanism to function there. In short this would be a good option for the banks in EU and Swiss for staking rewards and to offer the ROI on deposits in their bank.
