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SCRYPT Collaborates with P2P.org to Facilitate Institutional On-Ramp/Off-Ramp to Delegators
SCRYPT's market-leading OTC desk enhances the seamless EigenLayer to Ethereum conversion experience for delegators.
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Zurich, Switzerland, November 1st, 2024, Chainwire – SCRYPT, a leading Swiss-based provider of institutional crypto solutions, is proud to announce its collaboration with P2P.org to support the efficient on-ramp and off-ramp services for token swaps including the recent EIGEN Season 2 operator’s allocation share, enabling seamless conversion from EigenLayer (EIGEN) to Ethereum (ETH). The operator allocation share was conducted in October with P2P.org, a leading operator in the EigenLayer ecosystem, facilitating a transaction to distribute ETH to its community and delegators as part of the EigenLayer Season 2 operator’s allocation share.
Through its market-leading OTC desk, SCRYPT ensured a smooth process for converting the received EIGEN tokens into ETH, providing secure services for P2P.org’s delegators. This collaboration underscores both companies’ commitment to empowering their communities with innovative crypto solutions.
Norman Wooding, CEO of SCRYPT, commented on the collaboration:
“Our collaboration with P2P.org marks an important step in facilitating the future of decentralized staking services and enhancing liquidity in the EigenLayer ecosystem. By offering secure and reliable on- and off-ramp solutions, we are proud to support P2P.org in this key phase of distribution. This collaboration highlights our dedication to providing robust, institution-grade services to the crypto industry.”
Gabriel Titopolous, Head of OTC at SCRYPT, added:
“Working alongside P2P.org has been a rewarding experience as we ensured a seamless execution of the EIGEN to ETH conversion. We’re thrilled to bring services and OTC expertise to the table, empowering delegators and enhancing their experience in this evolving ecosystem.”
On behalf of P2P.org, Vlad Kurenkov – Head of Restaking noted:
“SCRYPT’s industry expertise and secure infrastructure made them the ideal partner for this operator allocation share. Their solutions are essential in ensuring our community can efficiently access and utilize the ETH we distributed, which was converted from EIGEN tokens. We look forward to continued cooperation and further enhancing the experience for our delegators.”
With this collaboration, SCRYPT continues to solidify its role as a trusted partner in providing solutions and advanced OTC services to institutional clients within the evolving blockchain landscape.
About SCRYPT
SCRYPT is the leading Swiss-licensed partner for institutional crypto solutions, providing seamless access to the crypto economy through trusted infrastructure and expertise. We enable institutions to confidently manage, trade, and store digital assets.
About P2P.org
Launched in 2018, P2P.org aims to shape a decentralized future for all and provide stakeholders with non-custodial staking services. With over $6.5+ billion in TVL and over 90,000 delegators, P2P.org has become a top 3 global leader by TVL. Pioneers in their industry, the dedicated team at P2P.org has assumed pivotal roles as early validators across multiple networks. Their unwavering commitment to building leading infrastructure has made them one of the leading Ethereum validators globally.
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