DeFi Technologies Announces Strategic Partnership with RockX to Provide Staking Yield through Financial Products
RockX has more than $400m in assets staked, providing $40m in annual yield
The companies will work on creating innovative asset-backed ETPs
DeFi Technologies Inc. (the “Company” or “DeFi Technologies”), a technology company bridging the gap between traditional capital markets and decentralized finance, announces a strategic partnership with RockX to provide staking yield through financial products.
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RockX is a Singapore-based institutional gateway to crypto finance and blockchains. Providing safe and secure validators and access nodes to support the most innovative protocols in the market, the company has more than $400M in assets staked, providing $40M in annual yield.
The strategic partnership outlines a framework between DeFi Technologies and RockX to enhance the staking components of the companies’ current respective Exchange Traded Product (ETP) infrastructures, co-develop ETP products, provide institutional staking services, custodian services, and real time data yield oracle.
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“DeFi Technologies continues to evolve into one of the most diversified and holistic Web 3.0 opportunities globally,” said Russell Starr, Executive Chairman & CEO of DeFi Technologies. “This partnership with RockX is yet another step in our evolution towards becoming the best way to offer investors exposure to a diversified play on Web 3.0.”
“Staking offers the crypto-native risk-free sustainable yield in Proof of Stake (POS) assets. As more people are getting access to POS assets, and the market capitalization increases with wider usage of blockchains, staking yield is a multi-billion revenue opportunity that shouldn’t be missed,” said Zhuling Chen, Director and CEO of RockX. “We are thrilled to partner with DeFi Technologies to bring staking yield to regulated ETP products and help any future financial products to earn such yield while all underlying assets are stored in a secure custodian wallet of their choice.”
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