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SFOX Stakes: Commission-Free Blockchain Staking with Regulated Custody

Blockchain
HANZO
Nov 8, 2023 at 08:12 am

sFOX, a prominent player in the cryptocurrency brokerage arena, is poised to disrupt the landscape of blockchain staking with its groundbreaking approach. At the helm of this transformation is founder Akbar Thobhani, who boldly proclaims,

"We provide a direct path to staking that eliminates any involvement of intermediaries and the sharing of profits."

 Thobhani's declaration resonates as a testament to the company's unwavering dedication to furnishing clients with a direct, commission-free avenue for engaging in blockchain staking, facilitated directly from a regulated custody framework.

The import of this innovation cannot be overstated. sFOX, by offering a seamless and secure solution, effectively addresses the concerns tied to the perils of surrendering ownership of digital assets. This visionary strategy not only sets new benchmarks within the industry but also ushers in a paradigm shift.

Central to sFOX's offering is a sophisticated software layer meticulously designed to streamline the staking process. This groundbreaking technology empowers professional users, high-net-worth individuals, hedge funds, and other similar entities by providing them with a secure means of housing their staked cryptocurrencies within Wyoming trust company accounts. This approach results in the complete separation and safeguarding of customer funds, even in the unlikely event of the company's insolvency, as delineated in an official press release.

Akbar Thobhani, in a revealing interview, elucidated the company's visionary outlook. 

"Our objective is to establish a direct gateway for staking, eliminating the need for intermediaries and profit-sharing,"

 he underscored. With this revolutionary methodology, clients have the opportunity to directly engage with the blockchain, receiving rewards without the necessity of transferring ownership of their assets. This approach stands in stark contrast to other staking projects, which often entail cumbersome asset ownership transfers and the potential delegation of decision-making power to third parties regarding staking or lending.

In the context of the recent collapses of multiple cryptocurrency companies, the emphasis on segregated, bankruptcy-protected, and regulated custody is not only astute but also essential. This proactive measure acts as a safeguard for the interests of clients, instilling a sense of confidence in the sFOX staking product. Moreover, it symbolizes a dedication to fostering innovation across the industry, facilitating portfolio managers' ability to stake the very same cryptocurrencies in which they maintain open positions on the platform.

Thobhani's strong advocacy for transparency finds resonance within the crypto community. He underscores the importance of this key principle, asserting, 

"The most critical task right now is to introduce transparency to the realm of cryptocurrency, necessitating a comprehensive reevaluation of our practices within this domain."

 This call to action reflects sFOX's unwavering commitment to elevating industry standards and constructing a foundation built upon trust and integrity. With its pioneering approach to blockchain staking, sFOX is poised to lead the charge toward a more transparent and secure future, serving the interests of cryptocurrency enthusiasts and investors alike.

Read More: Celebrating a Decade of Trezor: Innovations Unveiled


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