Bison Trails Announces Collaboration with Coinbase Custody to Enable Secure Polkadot Staking

New York, April 14, 2020 — Bison Trails, the premier blockchain infrastructure-as-a-service company announced today an integration with Coinbase Custody. This integration combines Coinbase Custody’s institutional-grade offline storage solution with the Bison Trails infrastructure platform, allowing Coinbase Custody clients to seamlessly stake their DOT to Bison Trails’ validators. At launch, Bison Trails will support the Polkadot protocol with support for more protocols to follow in the near future.

This integration represents a collaboration between Coinbase Custody, one of the first custodians to offer staking from offline storage of assets, and Bison Trails, the leading blockchain infrastructure provider that enables secure participation in a wide range of blockchain networks securely. Through this integration, Coinbase Custody clients may delegate DOT tokens to Bison Trails validators, helping secure the Polkadot protocol and earn participatory rewards.

“For people who custody with Coinbase Custody, and want to stake with secure and highly available Bison Trails validators, this integration is a game-changer,” said Joe Lalloz, CEO of Bison Trails. “DOT holders now have the unique ability to utilize both our leading blockchain infrastructure and the leading custodian of crypto assets to ensure tokens are secure and that they are earning participatory rewards.”

“Staking is an increasingly important element of the crypto ecosystem. It provides Coinbase Custody clients, many of whom have obligations to their investors, with a crypto-native way to participate in network rewards while also contributing to the security and governance of the ecosystem,” offered Sam McIngvale, CEO of Coinbase Custody. “Working with partners like Bison Trails allows us to offer our clients an easy way to participate in Proof of Stake networks like Polkadot (DOT) at launch. We look forward to offering more crypto-native features for our clients in the future.”

Bison Trails is ready to provide a seamless and secure staking integration for Coinbase Custody customers, making it incredibly easy for Coinbase Custody clients to participate in securing Polkadot and earn staking rewards.

About Coinbase Custody

Launched in 2018, Coinbase Custody offers its clients access to the secure, institutional-grade offline storage solution used by Coinbase’s exchange businesses since 2012. Coinbase Custody is regulated by the New York State Department of Financial Services and is an independent entity built on Coinbase’s crypto-first DNA. All customer digital assets are segregated, held in trust for the benefit of our clients, and protected by an industry-leading insurance program. Coinbase Custody currently offers support for more than 37 digital assets. For more information, visit https://custody.coinbase.com.

Bison Trails: Pioneering Blockchain Infrastructure™

Bison Trails is an Infrastructure-as-a-Service company, based in New York City, specifically focused on blockchain participation. We’ve built a platform for anyone who wants to participate in new chains effortlessly (e.g. by running Cosmos Validators, Tezos Bakers, and Libra Validators, etc.)—without having to invest time and resources into developing any of the engineering, protocol, dev ops, or security competencies in-house. Our goal is for the entire blockchain ecosystem to flourish by providing robust infrastructure for the pioneers of tomorrow.

Media Coverage:

1. Cointelegraph: Bison Trails Announces Integration With Coinbase Custody / Apr 14, 2020
2. CoinDesk: Coinbase Custody to Support Polkadot Staking With up to 20% Returns / Apr 14, 2020
3. Decrypt: Libra member Bison Trails teams with Coinbase for Polkadot staking / Apr 14, 2020
4. Daily Hodl: Bitcoin Exchange Coinbase Boosts Support for Decentralized Web With Integrations for Crypto Traders and Institutional Clients / Apr 14, 2020
5. The Block: Coinbase Custody to let its clients stake Polkadot’s DOT tokens via Bison Trails / Apr 14, 2020