Kiln partners with Balance, Canada’s largest digital asset custodian

Kiln partners with Balance, Canada’s largest digital asset custodian

We are delighted to announce our partnership with Balance, Canada’s largest digital asset custodian with more than $1 billion worth of digital assets under custody. This partnership expands Ethereum staking opportunities to digital asset exchanges, private funds, and corporate entities across Canada and certain jurisdictions across the world.

By combining Balance's robust custodial services with Kiln’s unique technologies and enterprise-grade staking expertise, we are set to provide a seamless and secure staking experience from Balance’s custody.

This collaboration enables Balance’s institutional customers to stake a range of assets. This enables them to be rewarded for participating in the security of these chains.

Balance leveraging Kiln Transaction Crafting API

A notable aspect of this partnership is the emphasis on Balance integrating Kiln’s Transaction Crafting API (part of Kiln Connect), to enable their clients to stake and unstake seamlessly.

Kiln’s Transaction Crafting API is compatible with all major proof-of-stake blockchains, allowing Balance to easily incorporate additional protocols using the same API in the future.

In addition, Kiln’s Transaction Crafting API is validator agnostic, meaning it can be used with any node provider and not only Kiln, easing the integration of several infrastructure partners.

"Our approach breaks away from the usual workflows where clients need to give asset ownership to a third party and take needless counterparty risk. Rather, our clients maintain complete ownership and control over the assets during the entire staking lifecycle. With Balance as the custodian and Kiln as the services provider, we deliver a truly world-class solution for anyone's staking needs, no matter how complex they might be." – George Bordianu, co-founder and CEO at Balance

“We’re glad to join the Balance ecosystem and help make staking easy for their customers with Kiln Transaction Crafting API. As a validator agnostic supporting all major protocols, we’re convinced Balance use of the API is the right tool to power and expand staking opportunities for their clients.” – Duncan Hoffman, VP of Revenue at Kiln

We are excited about the possibilities this partnership unlocks for Balance’s institutional customers and are looking forward to bringing more opportunities, contributing to democratising the value creation in the digital assets ecosystem.

Learn more about Kiln Connect

‍About Balance

Balance is Canada's oldest and largest digital asset custodian. Over the past six years it successfully served digital asset exchanges, OTC and prop. trading desks, neobanks, ATM networks, private funds, market makers, liquidity providers, and corporate entities across Canada and certain parts of the world. Balance currently custodies over $1 billion worth of digital assets in its SOC 2 certified proprietary platform.

About Kiln

Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake assets, and to whitelabel staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, and data and commission management. With over $4 billion crypto assets being programmatically staked, Kiln has a particularly strong track record on Ethereum as we run about 4% of the network; this includes 35,500+ with 0 slashing events.

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