Uphold has launched a new staking service with up to 14% APR.
The services were launched after a major UK Treasury regulatory overhaul.
Supported staking tokens include Ethereum, Solana, and NEAR Protocol.
Uphold, a leading provider of on-chain financial services has officially launched staking rewards for its UK customers. As it is revealed in a press release shared with Coinspeaker, this move follows a major regulatory shift on January 31, 2025.
The UK Treasury significantly amended the Financial Services and Markets Act 2000. With this change, registered crypto asset service providers can now legally offer staking services to individuals and businesses in the UK.
Uphold Offers Competitive Staking Rewards on Top Cryptocurrencies
Staking is a critical function in blockchain ecosystems. Users can earn returns by locking their assets for network security and transaction validation. Several crypto firms and blockchain projects, including Binance, Algorand, and Merlin Chain, have adopted this initiative.
As by Coinspeaker, this feature provides investors with new earning opportunities while strengthening decentralized networks. With this latest update, Uphold has joined the bandwagon of regulated platforms offering staking services.
Through staking, the financial provider will empower its UK customers to grow their digital assets. Uphold’s staking program unlocks opportunities for UK customers to earn high-yield returns on Proof of Stake (PoS) cryptocurrencies.
These include Ethereum , Solana , and NEAR assets. Depending on market conditions and blockchain-specific factors, staking rewards can reach up to 14.8% APY.
This presents an attractive proposition for those seeking passive income through crypto. In a statement, Simon McLoughlin, CEO of Uphold, highlighted the importance of this new feature. He emphasized that Staking is the backbone of many blockchain ecosystems, providing a sustainable way for crypto holders to earn.
Simultaneously, it supports blockchain network security. Now that UK regulations allow it, the firm is poised to make staking easier and more accessible than ever for its users. Uphold’s staking initiative signals a major step forward for the UK crypto market.
It reflects the country’s regulatory openness to advanced financial technology. This move strengthens investor confidence and reinforces the UK’s push for innovation in the digital asset space.
Why Staking Matters to Blockchain Networks
Staking is more than just a way to earn; it is a fundamental component of blockchain integrity. Traditionally, Proof of Work (PoW) demands massive computational power to validate transactions.
However, PoS blockchains rely on a staking mechanism where participants lock up assets as collateral. This method fortifies network security and drastically reduces energy consumption, making it a greener alternative to mining.
With Uphold’s staking initiative, even small-scale investors can contribute to blockchain networks and get rewarded for doing so. By making staking accessible, Uphold is positioning itself at the forefront of (DeFi) evolution in the UK.
Uphold is not just another financial technology firm, it is a visionary force reshaping how people interact with digital assets. The platform seamlessly integrates on-chain payments, banking, and investments, ensuring users get a frictionless financial experience.
One of Uphold’s standout features is its radical transparency. The company never lends out customer assets and operates on a 100% reserve model. The firm, backed by regulatory approvals from FinCen, the FCA, FINTRAC, and the Financial Crime Investigation Service, is a trusted name in global digital finance.
Its competitive staking rewards strengthen its position in the evolving crypto market.