- Customers can access multicurrency and crypto accounts and instant crypto-to-fiat exchange
- They can use Brighty’s CeFi service that uses DeFi in vault strategies
Brighty App, a Swiss fiat and crypto neobank, has recently partnered with the leading staking provider Blockdaemon to introduce an institutional-grade ETH staking solution and fulfill the demands both of private and institutional clients, Bankless Times learned from a press release.
Powered by traditional end-to-end security and Web3 technologies, Brighty App seeks to offer its customers access to both multicurrency and cryptocurrency accounts, instant exchange between crypto and fiat currencies, EUR SEPA and GBP FPS transfers, and physical and virtual debit cards.
Staking Powered by Blockdaemon
Blockdaemon Stake is a leading institutional solution that offers safe and reliable staking services. With Blockdaemon Stake integrated into Brighty App, users can stake ETH and potentially earn rewards, expanding the neobanking app’ capabilities. Luke Dorney, General Manager & VP of Sales EMEA at Blockdaemon, commented:
We are excited to help combine traditional banking with crypto banking on the Brighty App, an institutional-grade platform that will provide both institutional and private users with access to the best of both worlds. Blockdaemon excels at helping financial institutions like Brighty App bring their crypto-based banking strategies to market with industry-standard safeguards and compliant infrastructure.
How Does It Work?
Users deposit and hold ETH in their wallets, stake their tokens with Blockdaemon and then get sETH-h receipt tokens representing the staked ETH that can be used to maximize utility in the CeFi or DeFi market.
Nikolay Denisenko, Co-Founder and CTO at Brighty App, added:
The project’s solution offers Brighty App’s clients access to an institutional-grade liquid staking solution, where they can:
· Withdraw their receipt tokens on-demand
· Use Brighty App’s CeFi service that utilizes DeFi in vault yielding strategies
· Get their institutional liquidity needs fulfilled via partnerships with leading providers
· Access robust end-to-end KYC and AML throughout the staking process
· Avoid the impact of penalized validators
· Stake ETH via an audited service (the code has been audited six times)
