DCG mining subsidiary Foundry is launching services for 20 crypto staking networks-mining Bitcoin messages

Foundry, the subsidiary of the Digital Currency Group (DCG) and the mining and consulting company for cryptocurrencies from Rochester, New York, announced the start of a new platform called Foundry Staking on Wednesday. The company says that the product is currently supporting 20 blockchain networks and will offer digital assets and consulting services in the future.

foundry introduces pilot services

The New York-based foundry undertook a number of steps in 2021 and worked with a variety of crypto mining operations. Companies like hütte8 , Bitfarmen greenidge and many others have recently got together with foundry. In addition, the mining pool Foundry USA of the company in relation to the Bitcoin Hashrates of the fourth largest mining pool today operated with 12.67% of the network-hashs at the time of writing. The mining pool Foundry USA on November 11, 2021 has a hashrate of 20.72 Exahash per second (EH/S).

The new platform called foundry plug offers institutions "White-Glove-Services around various proof-of-stake (POS) blockchain networks, according to the announcement. So far, the service has covered 20 blockchains, including POS networks such as Horizen, Solana, Helium, Flow, LivePeer, Near Protocol, Provovance and The Graph. Essentially, the participants can earn POS premiums from Foundry's service connections to various networks, and the company wants to make POS networks "more accessible".

"We made considerable investments in technical talents and the POS infrastructure to repeat our mining success in the rapidly growing staking industry," said Mike Colyer, CEO from Foundry, in a statement sent to Bitcoin.com News. "Foundry will continue to support the development and growth of staking teams, protocols and companies, strengthen POS networks all over the world and maximize the value for our customers."

billions of dollars are used in POS protocols today-recognized foundry institutions have a need for staking services and "constantly developing environments"

Statistics from defillama.com indicate that today crypto-assets are staked out in billions in billions over various POS protocols. Foundry Staking offers are made for institutions, according to the press releases and Foundry says that it is the "privacy of institutional customers". According to the Foundry team, the company works with the all-in-one-prime-brokerage company, Genesis, To offer staking strategies and portfolio diversification.

Adam Nemec, VP of Business Development at Foundry Staking, explained that the company recognized that institutions have needed these services. "In 2020, our engineering team started building up our staking solution from the ground up to support our own assets and support DCG. Now, after we have been filing and tested in combat for more than a year, we are happy to provide this first-class offer to other institutions," said NEMEC.

What do you think that Foundry offers staking services for 20 different blockchains? Let us know your opinion on this topic in the comments below.

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