Northstake A/S, a regulated virtual asset service provider offering compliant staking products for institutions, announced it is becoming a validator for the Flare network. As a validator, Northstake will help secure and verify transactions on Flare, a data-rich EVM smart contract platform that expands the utility of blockchain. Additionally, as a data provider for the Flare Time Series Oracle, Northstake will support the provision of accurate decentralized data feeds to applications on the network.
With decentralized oracles built into the structure of the network, Flare is the only smart contract platform optimized for decentralized data acquisition, providing developers with all of the data and data proofs they need to build scalable and interoperable decentralized applications. As a leading industry blockchain, Flare offers an innovative approach to blockchain interoperability, smart contract capabilities, and decentralized data access making it a valuable resource for developers, blockchain users, and investors.
Jesper Johansen, Founder and CEO of Northstake, said: “We are excited to support Flare as they build a platform to enable scalable and interoperable DApps. As a Danish and EU-regulated virtual asset service provider, Northstake aims to enable compliant institutional participation in this new ecosystem. By becoming a Flare validator, we further our mission to enable institutions to engage in the emerging digital asset economy seamlessly.”
By partnering with Flare, Northstake is reinforcing its commitment to maintaining the highest standards of security and compliance. This collaboration will not only benefit existing clients but also attract new users seeking a trusted and compliant platform to engage in virtual asset transactions and staking solutions. By combining expertise, innovation, and a shared vision, Northstake and Flare remain poised to empower investors to thrive in the virtual asset era.
Hugo Philion, Co-founder & CEO at Flare, said: “We are pleased to welcome Northstake as an official validator and data provider for Flare. We are grateful for their support for our mission to create a decentralized network for data and their willingness to move beyond the industry standard offering of pure validation services to also operate as a data provider for the network’s native oracles. Their experience as a regulated institutional staking provider offers valuable insight. Northstake’s participation will help further decentralize Flare and unlock the network to a new cohort of users and investors.”
Northstake is a fully regulated investment provider under the Danish Financial Supervisory Authority and the 5th EU Anti-Money Laundering Directive. Its mission is to enable professional clients to participate in staking, with minimal counterparty risk and full collateralization of investments. Northstake adheres to the highest possible standards to minimize legal and counterparty risks through anti-money laundering measures and audited proof of assets staked. Furthermore, Northstake protects all client funds using the multi-party computation (MPC) provided by Fireblocks.