BlockUnion, Lido Ecosystem Foundation to Explore Institutional Vault Services

BlockUnion and Lido Ecosystem Foundation will explore validator-node operations for institutional vault services based on Lido stVault, with BlockUnion planning to provide node-operation and infrastructure-management support.

BlockUnion plans to provide support for validator-node operations and infrastructure management as a neutral node operator through BU Pool, formerly SNZ Pool. It also plans to connect Asian financial institutions, developers and ecosystem partners.

The company plans to use a portion of net fees from future infrastructure operations to support Ethereum community development, technical research, public goods and broader ecosystem growth.

Through ETH HK Hub, the organizations will explore opportunities to develop an institutional Ethereum-native onchain finance ecosystem. Their plans also include promoting institutional participation, industry education and ecosystem collaboration.

The initiative follows BlockUnion’s earlier collaboration with EthSystems on Ethereum privacy, which focused on connecting financial institutions with privacy developers.