Nonco and Bastion Trading use CESR to complete the first Ethereum pledge rate swap
2024-05-31 19:36:52
Nonco and Bastion Trading have completed the first fixed-floating rate swap on the CESR ™ (Composite Ethereum Staking Rate). This transaction is designed to help manage the risk and cost of Ethereum staking proceeds and lock in fixed returns. Nonco CEO Fernando Martinez said the transaction enables institutional and professional investors to explore yield opportunities within the ETH staking ecosystem. Launched in 2023 by CoinFund and CoinDesk Indices, CESR is seen as an important benchmark for the crypto industry.
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