FalconX is pleased to be the first custodian to offer custody and staking support for Bittensor (TAO), providing institutional investors and ecosystem participants with secure, institutional-grade solutions for asset storage and earning staking rewards. This rapid integration - completed in just two weeks - demonstrates FalconX’s speed and technical expertise in bringing new protocols onto its custody platform.
TAO represents growing investor interest at the intersection of artificial intelligence and digital assets. Bittensor’s four-fold increase in market capitalization since November 2023 underscores the potential of decentralizing AI development to create a safer and more stable future for the technology.
“As a TAO validator, having a secure, institutional-grade custody solution is critical for safeguarding our assets,” said Luke Besser, Co-Founder of Cosimo Capital. “With FalconX, we can now safely store and trade our TAO tokens and earn staking rewards directly from custody, ensuring both security and operational efficiency.”
"With the integration of TAO, FalconX drives adoption by enabling institutional investors to engage with the TAO ecosystem in a secure and seamless way," said Ben Dapkiewicz, General Manager, Custody at FalconX. “Coupled with our full suite of prime services across trading, credit, and holistic treasury management solutions, we support the growth of innovative protocols in every step of their journey.”
FalconX Custody is an institutional-grade, regulated custody solution with seamless integration across its suite of prime services across trading, financing, and risk management, delivering optimal capital and operational efficiency.
*Staking and Custody may not be available for all tokens and may be subject to other jurisdiction restrictions. Staking involves risks including but not limited to: lock-up periods, potential slashing penalties, security vulnerabilities, and impacts from network changes
