• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Fintech.ca

 
 
  • News
  • Events
  • Interviews
  • Thought Leaders
  • Techtalent.ca
  • About

Digital Custodian Balance Launches Yield for Third-Party Staking with Full Ownership

September 8, 2022 by Knowlton Thomas Leave a Comment

Canada’s largest asset custodian this week unveiled a turnkey solution enabling clients to participate in yield generation workflows—such as staking, delegating, and pledging assets—through third-party partners of their choice.

Toronto-based Balance says that it has been running a closed pilot mode of its new product, dubbed Yield, since last May.

“Our pilot clients have generated yield on over $500 million worth of assets in the last 15 months, demonstrating the robustness of our approach,” affirms chief product officer Nuno Silva.

The Canadian financial technology firm offers some examples of Yield, such as staking Ethereum through a staking services provider such as Attestant or Coinbase. Another would be pledging Filecoin to on-chain storage providers and earn network rewards.

“With MEV generation as the latest addition, the product offering is now complete,” added Silva. “We’re beyond excited to be able to offer this at large, just in time for Ethereum’s transition to proof-of-stake consensus.”

Balance states that you can retain full ownership and control of assets and rewards throughout the entire Yield workflow.

“Whereas most yield workflows involve relinquishing assets ownership and taking counterparty risk, we took the harder road and did the work to enable clients to maintain full ownership and control throughout the entire yield lifecycle,” explains chief executive officer George Bordianu. “This dramatically reduces risk without incurring additional costs.”

In its role as a custodian, Balance does not provide any staking, validation, or on-chain storage services itself. However, Balance says it ensures the blocks the staking partner proposes are compliant with OFAC and similar sanctions programs.

Founded in June 2017, the startup introduced its custody services in a closed pilot in August 2018. The public launch followed one year later, the first of its kind in Canada. Canadian competitors include Calgary’s Tetra Trust, Ottawa and Calgary-based Brane Capital, and Knox Custody.

Filed Under: News Tagged With: Balance

 
 

About Knowlton Thomas

Knowlton Thomas is Editor-in-Chief of The Midway Advance and Senior Writer for Fintech.ca. Over more than a decade of journalism, he has penned thousands of articles and dozens of essays on technology, health, and culture across a variety of publications.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

 
 

Email Newsletter

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Founding Sponsors

Recent Posts

  • Conquest Planning Raises $100M to Expand AI-Powered Financial Planning Platform
  • XRP Enters the National Mainstream as Canadian Firms Launch Crypto ETFs
  • Canadian Insurance Firms ‘Punch Above Weight’ in Global AI Adoption Index
  • Digital Commerce Bank and Fillip Launch Fleet Card Innovation with Circle K
  • Ownright Launches Developer Platform to Embed Legal Closings in Proptech Tools

Copyright © 2025 Incubate Ventures | Techtalent.ca · Techcouver.com · Calgary.tech · Decoder.ca · CleanEnergy.ca | Privacy