Northstake, a regulated custodial virtual asset service provider offering compliant staking products for institutions, is launching its first version of tokenized ETH staking on Mainnet. This follows a successful pilot run on Ethereum’s testnet Holesky. Northstake, which the Danish Financial Authority regulates, now enables institutions to liquidate their Ethereum validator nodes within hours instead of days.
Northstake announced GSR and DV chain as the first leading market makers to join its tokenized ETH staking solution. ETFs or regulated funds can now utilize tokenized staking to bring in liquidity when unbonding ETH. This is enabled by the participating market makers buying the validator node’s balance of ETH, effectively paying liquid ETH for a validator node balance subject to the exit and withdrawal queue.
Jesper Johansen, CEO of Northstake, said: “Today’s news sees several key market makers joining Northstake to create the only compliance-focused ETH va
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