Coinbase Custody, an independent, NYDFS-regulated entity offering custody solution, has entered into a partnership with Bison Trails to enable staking of Solana (SOL) tokens with offline storage support.
Bison Trails says collaboration demonstrates a deepening of the integration of Coinbase Custody’s institutional-grade offline storage solution with the company's infrastructure platform.
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With Coinbase Custody, users can select their own Bison Trails-focused validator.
Bison Trails CEO Joe Lallouz claims that by extending this integration, users can stake their SOL or DOT tokens, securely to Bison Trails' highly available validators.
"It is a seamless integration and a phenomenal user experience. We look forward to working with the Coinbase Custody team to continue to add support for more protocols in the near future," Lallouz.
Solana is a single-chain, Proof-of-Stake protocol, focused on delivering scalability without sacrificing decentralization or security.
In July 2019, the project raised $18 million in a Series A round led by Multicoin Capital, with participation from Distributed Global, Blocktower Capital, Foundation Capital, Blockchange VC and many more.
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