Put aside everything you believe you know about Wall Street and crypto. Something new and exciting is afoot, and this collaborative energizing of an industry is not taking place in New York City or London. It's happening right here in Southeast Asia. This cooperative partnership between Taurus and Figment is a major catalyst for the banking industry. By allowing our banks to stake ETH and SOL, we’ve been given a remarkable opportunity to lead this region into the future of finance.
Staking Rewards Equal Playing Field
For too long, the juiciest crypto returns have been gated, accessible only to the empires of Western finance. Think of it like this: imagine a local farmer only being able to sell his crops to one mega-corporation, which then dictates the price. Unfair, right? That’s been the reality of institutional staking. Until now.
Now Taurus and Figment are in the process of leveling the playing field. Change-makers from Southeast Asian banks are just now entering the staking kingdom. They are able to earn rewards on ETH and SOL that were once beyond their grasp! This is huge. It’s no longer only about profit, but rather join in. It enables our hometown banks to compete and innovate, and to continue building a stronger financial future for our region.
Consider Solana. It’s a layer 1 with real disruptive promise rocking near 150% staking rewards and upwards of 80% of its supply already staked. Southeast Asian banks have only recently been able to access this attractive new market, which promises substantial independent revenue streams and facilitates investor diversification. With recent discussions around Solana ETFs featuring staking rewards, the timing is more opportune than ever. Why should BlackRock have all the fun?
Innovation Fueled By Institutional Crypto
Institutional money changes everything. It’s the difference between a plucky 1 employee app making shirts from home and an invading alien armada. Together, this partnership brings sorely needed capital and legitimacy to the Southeast Asian crypto ecosystem.
Think about it: with banks actively staking ETH and SOL, they're more likely to invest in other crypto projects, support local blockchain startups, and develop new financial products. This creates a virtuous cycle of innovation. It draws talent in, encourages entrepreneurship, and places Southeast Asia as the go-to global destination for crypto innovation.
We're not just talking about earning staking rewards. We're talking about building something new. Not to mention building a more inclusive, accessible and ultimately more vibrant financial ecosystem for everybody across Southeast Asia.
Challenging The Western Financial Order
Let's be honest: the global financial system has been dominated by Western institutions for far too long. This collaboration may be quiet, but it’s fierce, and it’s an act of defiance. It might seem modest, but it’s a big step towards decentralization, a deeply needed pursuit of equitable distribution of power and wealth.
Taurus and Figment are helping Southeast Asian banks to participate in the crypto economy. This empowers them to be a thorn in the side of city bureaucracies. They’re doing it by equipping us with the tools and infrastructure we need to compete against the big players. This pushes us to be creative and build a financial future that is genuinely ours.
It’s not all about the profits, though—it’s about seeking agency. We’re creating a new financial system that reflects our values—our priorities. Together we can help make Southeast Asia a more inclusive and sustainable place to live, work and invest. This is about making sure the world knows what we can do.
This ought to serve as a wakeup call to the entrenched financial status quo. Southeast Asia is on the ascent, and we’re prepared to help show the region and the world the way forward in the future of finance.
