BRD a non-custodial wallet has enabled Tezos staking allowing its 7 million users worldwide to earn XTZ rewards simply by holding XTZ. Tezos represents the first cryptocurrency on BRD which allows its users to earn staking rewards.
BRD’s 7+ million users worldwide can now delegate their XTZ to a Tezos Baker and earn XTZ staking rewards. After quietly adding XTZ two weeks ago, BRD now enabled staking of XTZ tokens held in BRD.
XTZ is the first cryptocurrency for which BRD supports its users to earn staking rewards.
The inclusion of Tezos staking functionality ‘reaffirms BRD’s longstanding commitment to bringing the best-of-breed buying, trading, and rewards products for the mainstream consumer audience’.
BRD is a non-custodial wallet, so you hold your own keys and your tokens are stored straight on the blockchain.
Arthur Breitman, Early Architect of Tezos commented:
“It’s always good to see more wallet options for Tezos users, now they can delegate to a baker with their BRD wallet,”
Adam Traidman, CEO and Co-Founder of BRD added:
“Our singular focus on security and self-custody has propelled BRD into one of the top crypto apps downloaded globally.
Now we are introducing a simple way for the long-term investors on our platform to earn rewards while securing their cryptocurrency.”
Additionally, the Tezos blockchain is available in Blockset, the enterprise-focused digital asset toolkit built by BRD. Blockset enables enterprises, institutions, and governments to integrate digital assets into their products.
Blockset’s infrastructure and technology have been powering the BRD mobile app since 2020.
The ability to stake XTZ represents a few key benefits to BRD’s existing users that include:
Alison Mangiero, President of TQ Tezos stated:
“We are thrilled to see BRD incorporate Tezos staking functionality into its platform. Tezos was designed as a proof-of-stake network from the very start – one where all participants can actively help secure the blockchain, influence its development, and earn rewards along the way,”
About BRD
BRD is a global company that’s bringing blockchain-enabled financial services to the mobile generation. We provide consumers with the simplest and most secure way to buy and protect bitcoin and other cryptocurrencies.
Launched in 2015, and headquartered in Zurich (Switzerland), BRD is a venture-backed company that has raised $56M USD from SBI Holdings, Ripple, and other top investors focused on banking, FinTech, and the blockchain.
BRD’s crypto apps are available for both iOS and Android in 170 countries. With over 7M customers worldwide, BRD has accumulated an estimated $20B USD of crypto assets under protection and is one of the fastest-growing blockchain-enabled finance apps for everyday consumers (a Top 10 Finance app in 71 countries).
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