Kraken has become the first major exchange to fully use Distributed Validator Technology (DVT) for Ethereum staking by integrating with SSV Network. This upgrade makes its Ethereum staking system more secure, reliable, and able to handle more users efficiently.
In the announcement, Jonathan Marcus, Head of Strategy, Custody and Staking, said, “The full deployment of SSV’s DVT stack has fundamentally improved the performance reliability of our ETH validators, further strengthening Kraken’s position as an institutional-grade staking provider.”
DVT allows one Ethereum validator key to be divided into secure pieces, managed by multiple operators who work together to perform tasks. Normally, an Ethereum validator relies on a single machine or software.
Kraken’s use of DVT improves uptime and reduces risk via spreading validator responsibilities across different operators and locations. It also supports Ethereum’s goal of making its network more decentralized and resilient.
SSV Network is widely trusted for Ethereum staking and carefully reviewed by top Ethereum protocols, as per Alon Muroch, founder of SSV Labs. He added, “Integrating SSV with Kraken marks a significant milestone, enabling clients to securely participate in staking while actively supporting the Ethereum network.”
Kraken is also accelerating its push into tokenized stocks. The exchange revealed that it is bringing its xStocks offering to the Tron blockchain. Partnering with TRON DAO and Backed, it’s launching tokenized versions of Apple, Nvidia, and Tesla across three blockchains in under two months.
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