SINGAPORE, 12 September, 2023 — RockX, a pioneer in blockchain technology and institutional staking solutions in Asia, has reached a pivotal milestone with its Bedrock platform — an institutional-grade Ethereum liquid staking platform — garnering 5,000 staked ETH from Amber Group’s flagship digital asset platform, WhaleFin. The strategic partnership represents a significant turning point in institutional staking, underscoring Asia’s expanding role in the digital assets industry.
Bedrock, known for its AML and KYC compliance, offers institutional players a streamlined venue for large-scale liquid staking. Amplified by Amber Group’s industry expertise and investment, the partnership reinforces Bedrock’s position as a disruptor in the staking sector.
Chen Zhuling, Founder and CEO of RockX, said: “Bedrock is spearheading institutional adoption of digital assets, and our commitment to technological innovation continues to define us as trailblazers in DeFi. This partnership marks a significant step toward reshaping how institutional players engage with digital assets, bringing us closer to a future where digital assets are as fundamental to portfolio strategies as traditional assets.”
Thomas Zhu, Co-Founder & Chief Technology Officer at Amber Group, said: “This collaboration dovetails with Amber’s mission to disrupt traditional finance, and RockX’s institutional credibility and technological sophistication make them the perfect partner. Our mission extends far beyond traditional financial services to envision a sustainable, inclusive, and transparent financial ecosystem.”
Bedrock has plans to integrate Distributed Validator Technology (DVT), an industry-first solution developed to enhance decentralization by allowing stakers to share validator keys across unaffiliated nodes.
The platform also plans to roll out Permissionless Exit, a feature that provides stakers more control over their funds without compromising security. By allowing stakers to exit without intervention from a third party, Permissionless Exit diminishes the risk of centralization and improves overall liquidity while avoiding third party risk.
In a rapidly evolving global staking market, Bedrock’s launch comes as a timely response to institutional demands for compliance, transparency, and security. As a leader in the institutional-grade staking ecosystem, RockX’s Bedrock is poised to revolutionize crypto staking, ushering in a new age of institutional participation and growth.
About RockX
RockX is a global blockchain node network and gateway for users to seamlessly access Web3, offering institutional-grade solutions and a full suite of developer tools for users to stake and build on all major Proof-of-Stake blockchains.
With its foundations rooted in staking, protocol research and infrastructure design, RockX has built countless access nodes for users to interact with over 20 layer 1 and 2 protocols — driving greater accessibility and furthering adoption of blockchain technologies.
With over 20 major tokens available and over USD 1 billion staked in cumulative token value since 2018, RockX is one of Asia’s leading staking platforms, offering institutional clients new ways to do more with their crypto.
About Amber Group
Amber Group is a leading digital finance services provider, specializing in digital wealth management and crypto-native liquidity solutions. The firm offers a comprehensive range of digital asset services, spanning liquidity provisioning, trading, financing, and investing. It is backed by prominent investors including Fenbushi Capital US, Sequoia, Paradigm, Tiger Global, Dragonfly, Pantera, Coinbase Ventures, and Blockchain.com.
