Customer Story

Kiln Trusts SCRYPT to Convert Staking Rewards to Fiat Seamlessly

Kiln offers streamlined access to blockchain protocols for its users. With staking as a foundational element, Kiln empowers asset owners to utilise their holdings in securing networks and earning notable rewards in the process.

Kiln champions its role as a prime aggregator, allowing users the convenience of seamlessly staking across multiple networks, ensuring optimised rewards while preserving the core essence of decentralisation.

2.2b

Staked

20+

Protocols

99.95%

Uptime

The Challenge

In a rapidly evolving crypto landscape, managing financial assets becomes increasingly complex for institutions like Kiln. Primarily, Kiln, as a pioneering tech provider for liquid staking, faces the inherent challenge of agile treasury management. With most of their revenue model centered around the collection of performance fees (commissions on staking rewards), the majority of their income is in crypto assets. This poses a considerable challenge when they need to convert their staking rewards into fiat or other cryptocurrencies swiftly, especially given the volatile nature of the crypto market.

The Solution

Recognising these challenges, SCRYPT provides Kiln with a seamless on/off-ramping service tailored to their needs.
With a commitment to optimal trading conditions and superior execution, as evidenced by its 99.99% uptime and Smart Order Routing (SOR) algorithm, SCRYPT offers Kiln the agility and flexibility it needs. This partnership not only allows Kiln to make timely and strategic treasury management decisions but also positions both entities for extended collaboration in the future.

“We are proud to be partnered with Kiln. SCRYPT Digital puts risk management and quality service above all else and we are happy to provide a service that will be invaluable to Kiln –particularly in a turbulent market. As SCRYPT Digital has a 99.99% uptime and superior execution – we can offer Kiln the best environment to convert its assets whenever it’s needed.”

Norman Wooding

CEO & Founder

“We’re pleased to use SCRYPT's services to facilitate our crypto-to-fiat conversions. This type of service is extremely valuable to help us manage risk and to better manage our treasury, especially in these volatile market conditions. This is the last step of an already fruitful partnership with SCRYPT, as they already use our staking products, and we are already thinking about extending our collaboration.”

Laszlo Szabo

CEO and co-founder of Kiln

About SCRYPT

SCRYPT - Your Trusted Partner for Crypto Assets.

SCRYPT is a premier Swiss licenced financial service provider with a focus on institutional-grade crypto asset services.
We empower institutions and Web3 companies with comprehensive access to the crypto asset landscape.
Discover more: SCRYPT | info@scrypt.swiss

About Kiln

Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake assets, and to whitelabel staking functionality into their offering. Kiln runs validators on all major PoS blockchains, with over $2b worth of stake under management and running over 3% of the Ethereum network, on a multi-cloud, multi-region infrastructure. Kiln also provides a validator-agnostic suite of products for fully automated deployment of validators, reporting and commission management, enabling custodians, wallets and exchanges to streamline staking operations across providers. Kiln is SOC2 Type 2 certified. Enterprise-grade staking made easy.

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