Nonco Joins as Market Maker on Northstake’s Transformative ETH Validator Marketplace | PR Newswire [Video]

Digital asset managers can now increase the stake ratio of their ETH funds by leveraging Northstake’s staking and liquidity solution 

, /PRNewswire/ — Northstake A/S, the virtual asset service provider offering compliant staking products for institutions, has announced that Nonco has become the third market maker to join its ETH validator marketplace, following the additions of GSR and DV Chain. The marketplace demonstrates a new staking model, allowing asset managers to trade their ETH validators, enabling them to transform their spot ETFs to total return ETFs.

Fernando Martínez Fernández, CEO at Nonco, said: “Northstake has redefined how liquidity and staking should be incorporated into regulated funds. As an industry leader in market making for ETFs, Nonco is excited to see Northstake’s marketplace evolve.“

Northstake’s ETH Validator Marketplace offers a compliant platform for asset managers to access opportunities presented by ETH Staking. Right now, approximately $6 billion USD sits with North American-based spot ETHETFs, not being staking. Northstake’s solution …