Blockdaemon Blog

Institutional Self-Custody - Cold Staking, Automated Deployment and More

Daemon News
Jul 17, 2024
By:
Frank
Wiener
&
Institutional self-custody has become the preferred custody model following the turbulent events of 2022. Blockdaemon Institutional Wallet has added multiple features to make self-custody easier and more compelling than ever before. Check out these features and the latest version of our Institutional Self-Custody Planning Guide for more insights.

Cold Staking

Cold Staking allows you to stake digital assets directly from your cold wallet, making self-custody easier, more secure, and more rewarding. Blockdaemon Institutional Wallet now supports the ability to stake, monitor rewards, and unstake digital assets without ever moving your assets or private keys online.



Cold staking lets you participate in Proof of Stake networks and receive staking rewards, while maintaining advanced cold storage security. The cold wallet stores keys and conducts signing operations offline with air-gapped keys. The Institutional Wallet's online front-end offers real time reporting and policy enforcement for all transactions, including staking and unstaking. 

Automated Deployment in AWS or Azure Cloud

Self-hosting offers control, but maintaining servers and updating software can be challenging.

That’s why we’ve integrated Blockdaemon Institutional Wallet with both AWS and Azure cloud services. These integrations allow institutions to use automated scripts to install and configure their wallet in secure, confidential environments across one or multiple cloud providers.

In this model, the institution retains complete and exclusive control over its wallets and hosting infrastructure. Blockdaemon never has visibility to or control over the wallet unless invited by a wallet admin for support services. 

Institutional Self Custody Planning Guide

If you’re considering self-custody for your institution, download and review the Institutional Self Custody Planning Guide. This guide helps assess your organization's readiness for self-hosting and evaluates self-custody solutions. Download it today to begin mapping out transition into self-custody or upgrading your existing self-custody wallet solution.

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