With the boon of Proof-of-Stake networks across the crypto industry, staked crypto assets have emerged as an increasingly attractive financial instrument for individual and corporate investors. Data from DefiLlama shows that the value of assets locked in liquid staking services jumped 292% to $20 billion as of September 2023. This growth has not gone unnoticed among institutions looking to explore the crypto space — with 74% of firms committed to exploring digital assets and over 63% reporting a positive outlook on the wider crypto space.

However, the lack of compliance and due diligence remains a key stumbling block for potential investors. Recent findings from UK-based crypto firms found that just one in five (17%) consistently verify new customers, with half admitting to conducting these checks sporadically.

As such, with the growing adoption of digital assets and staking services, it’s more critical for investors to assess counterparty risk to protect their portfolios thoroughly. For EU-based or offshore institutional investors from any other jurisdiction, asking the right questions to their staking provider is essential. As such, here are five critical questions that will help establish the veracity of your staking provider.

Does your staking provider expo
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Author: Jesper Johansen

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