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Our customers include top tier financial institutions, crypto native companies, exchanges, and many more… Blockdaemon Blog BLOCKDAEMON JOINS LAUNCH OF INDUSTRY-FIRST NODE OPERATOR RISK STANDARD (NORS) CERTIFICATION FOR ETHEREUM Aug 27, 2024 By: Conor Keville & Blockdaemon joins NORS to set new security standards for Ethereum staking, simplifying institutional adoption. Blockdaemon has joined the launch of the industry’s first Node Operator Risk Standard (NORS) certification for Ethereum (ETH), establishing a new benchmark for operational security and risk management for the Ethereum node operators. Additionally, Blockdaemon now participates in the NORS Development Working Group, the group that collaborates in the development, iteration, and maintenance of the standard to keep it relevant and accurate. THE IMPORTANCE OF THE NODE OPERATOR RISK STANDARD (NORS) The NORS certification simplifies the due diligence process for Ethereum staking for banks and large institutions. With a KPMG auditor as the first NORS Qualified Assessor, this certification introduces a third-party verified, trusted framework for secure ETH staking. Before the establishment of NORS, no certification existed to prove that a node operator satisfied institutional security requirements. “The development of the Node Operator Risk Standard (NORS) advances the institutional Ethereum staking industry. Through a common, shared standard of validator risk management, NORS establishes trust amongst banks and large institutions by simplifying due diligence for Ethereum staking. The NORS certification positions Ethereum staking favorably for wider institutional adoption.” Konstantin Richter, Blockdaemon Founder & CEO. WHY JOIN THE NODE OPERATOR RISK STANDARD (NORS)? Large institutions seeking to hold and stake ETH need secure technical service providers. NORS is the first certification ensuring ETH node operators have robust risk mitigations, critical for institutions engaging in staking and providing reliable access to their customers. The NORS Certificate distinguishes companies as trustworthy industry leaders, serving as the seal of approval institutions need. This institutional-grade certification for Ethereum aligns with American Institute of Certified Public Accountants audit standards and meets the expectations of Big Four accounting firms and traditional institutional certifications. NORS ensures node operators adhere to rigorous criteria, including slashing prevention, validator diversity, secure private key management, and overall operational security. These standards establish comprehensive, institutional-grade controls. To learn more, visit nors.global. Share GET STARTED WITH BLOCKDAEMON TODAY! Contact us to learn how we can help you power your blockchain business. 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