Devcon is coming to Southeast Asia, and bringing the Ethereum community together again. The Pier Two team is excited to join everyone in Bangkok, Thailand, after more than two years since Devcon VI in Bogota, Colombia. Like most conferences these days, there will be plenty of side events as well as the main event - Devcon. Check out the schedule here: https://lnkd.in/g-CFh5ES. We will also be participating in the Impact Space, hosted by the Ethereum Foundation. Where we will be showcasing the open-source light client in C#, Lantern. See you there. Devcon, side events and more.
Pier Two
Technology, Information and Internet
Brisbane, Queensland 2,857 followers
Enterprise-grade infrastructure for institutional clients. Non-custodial ETH Staking. Secure Node & Validation Services.
About us
Australian-based enterprise-grade infrastructure for institutional clients. Non-custodial ETH Staking. Secure Node & Validation Services. Creating the light client Lantern (C#).
- Website
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https://piertwo.com/
External link for Pier Two
- Industry
- Technology, Information and Internet
- Company size
- 11-50 employees
- Headquarters
- Brisbane, Queensland
- Type
- Privately Held
- Founded
- 2018
- Specialties
- Chainlink, Ethereum, Secure Data Links, Arbitrum, ETH Staking, Non-custodial ETH Staking, Light Clients, Web3, Financial Infrastructure, Node Operations, Digital Asset Integrity, Blockchain, Validation Services, Enterprise-grade Infrastructure, and Portal Network
Locations
Employees at Pier Two
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Jake Denny
Chief Commercial Officer at Pier Two
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Gordon Bailey
VP Product | Blockchain & Digital Assets | Global Banking & Payments | MBA
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Avinava Basu
GCP | AWS | Azure | Blockchain | DevOps Consultant | Senior Architect | Full Stack Development
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Ben Prichard
Head of Infrastructure at Pier Two
Updates
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This week in Hong Kong, Chainlink Labs hosted the annual SmartCon. And alpha like this kept dropping: - Chainlink Runtime Environment (CRE) aka "the final piece of the puzzle", a major upgrade to the Chainlink platform: https://lnkd.in/gqD9QCZc - Lido Finance integrated Chainlink CCIP to enable users to stake ETH directly from L2 networks including Arbitrum, Base, and Optimism: https://lnkd.in/gwaAkvSs - Chainlink Data Streams is available on Solana mainnet, so Solana devs now have access to high-frequency, sub-second market data: https://lnkd.in/gmd8Xgdn Today, Pier Two's CTO, Seamus McNab, joined Helder Dias, Matias Herrán, Peter van Mourik and Kubilay Ozcelik on the "Pillars of the Onchain Economy: Chainlink Node Operators" panel. Here's a sneak peak captured by our very own Avinava Basu. If you want to see the full panel, you can find that online here: https://lnkd.in/g-cBUDgj
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Pier Two reposted this
Introducing Chainlink Runtime Environment (CRE)—a major platform upgrade: 🔌 New modular, composable architecture ⛓️ Scalable across 1000s of chains 🏦 Deep customization for capital markets users 🏗️ Self-serve product development https://lnkd.in/gqD9QCZc The platform upgrade distills core functions of oracle networks into modular capabilities (e.g., read chain, call API, etc.), which devs can combine in any way to create custom workflows. Each capability is secured by a single DON and capabilities are reuseable across workflows. The Chainlink Runtime Environment (CRE) is the engine of the Chainlink Platform. CRE pulls all the capabilities together by executing workflows whenever their triggers fire, and uses DON-to-DON communications to connect the various capabilities. With CRE, developers can compose capabilities directly on the Chainlink Platform without having to add Chainlink-specific code to their core onchain app logic. As a result, devs can leverage self-serve capabilities regardless of which blockchains their app is deployed to. The re-architecture provides numerous benefits to devs: • Programmable, modular workflows to meet custom needs • Familiar programming languages and tooling • Standardized components for interacting on, off, and cross-chain in a single workflow • Backed by Chainlink’s proven security The upgrade is rolling out in phases to ensure that existing users of Chainlink services remain hyper-secure throughout the transition. If you want to start building and testing workflows in your onchain use cases, sign up today for early access to CRE: https://lnkd.in/g8wF38um
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SmartCon is setting the stage for the convergence of DeFi and TradFi. Chainlink Labs is bringing together some of the biggest names across industries, from leading blockchain founders, experts from the largest financial institutions, market infrastructure providers, and node operators. All to discuss the opportunity in tokenisation. The $867 Trillion opportunity. And it's happening next week in Hong Kong. October 30-31. Pier Two will be there, and our CTO, Seamus McNab, is speaking on the "Pillars of the Onchain Economy: Chainlink Node Operators" panel at 2:20pm (AEST) on 31/10. The best thing? You can join virtually. For free. Sign up here: https://lnkd.in/em5UbTGg
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Combining AI with Chainlink's decentralised oracle networks, the project has successfully transformed unstructured corporate actions data from issuers into standardised, machine-readable formats, and brought them onchain. Conforming to the ISO20022 framework and the Securities Market Practice Group (SMPG) guidelines, it allows for enhanced data availability and distribution, across multiple blockchain environments. Taking this single source of truth, and leveraging interoperability protocols like CCIP, we should expect to see a more efficient and transparent financial infrastructure for the future.
We're excited to announce the results of an industry-wide corporate actions initiative between Chainlink, Euroclear, Swift, and 6 major financial institutions. We successfully demonstrated how AI, oracles, and blockchains can solve a decades-long unstructured data challenge in finance. Read the full report, which covers the solution design, key outcomes, participant insights, and the next phase of the initiative: https://lnkd.in/gGtpyjEQ The Challenges With Corporate Actions Today Today’s inefficient corporate action processes cost regional investor, broker, and custodian businesses approximately $3-5 million each annually, with 75% of firms re-validating custodian and exchange data manually. Key challenges include: • No standard method for announcing events • Extensive manual data cleaning efforts • Lack of standardized data • Fragmented ecosystem • No single source of truth The Unified Golden Record: A Novel Architecture Combining AI, Oracles, and Blockchains To address this challenge, we convened a consortium of major participants from across the industry, including financial and market infrastructures Euroclear and Swift, as well as major financial institutions UBS, Franklin Templeton, Wellington Management, CACEIS, Vontobel, and Sygnum Bank. This initiative leverages AI models, oracles, and blockchains to create unified golden records of corporate action data that are synchronized across multiple blockchains. The LLM models used by the Chainlink oracle network in this approach included LLMs by OpenAI (ChatGPT 4o), Google (Gemini 1.5), and Anthropic (Claude 3.5), but the design is agnostic to any LLM model. Three blockchain ecosystems were involved: Hyperledger Besu, Avalanche, and ZKsync. This approach not only reduces uncertainty around using novel LLM models but also distributes data nearly instantaneously on shared infrastructure to provide an onchain unified golden record for asset managers, CSDs, and custodian service providers. Results: A Significant Architecture Milestone The initiative achieved a significant architecture milestone in the journey to improve the management and dissemination of corporate actions data. Key outcomes include: • Established a novel data extraction and structuring process • Success in LLM consensus framework for financial data • Near real-time data distribution The Path Forward With the next upcoming phase of the initiative, we aim to integrate established ISO standards, along with Swift messaging and connectivity, unified golden records interoperable with and consumable by existing mission-critical portfolio processing and management systems utilized by financial institutions. Our vision is to expand the scope of the unified golden record model by converting additional sources of unstructured data into structured data for financial assets, expanding the benefits of AI and Chainlink oracles to the wider financial industry.
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Interest and demand for Ethereum staking is growing significantly. Where 28% of all Ethereum is currently staked, valued at USD$90.25B, at the time of the report publication. As institutions explore the ways they can participate in Ethereum staking, through native staking and liquid staking, they need standardised benchmarks to measure staking yields. This report dives right into the current landscape, explores existing benchmarks, and draws a line under the significant implications for strategic investment and risk management related to digital assets, particularly Ethereum. Pier Two was proud to be featured as a leading Ethereum staking service provider in the report. Reinforcing our view that such benchmarks are critical for clients and partners to understand performance, and remember that just as rust never sleeps, Ethereum doesn't either. Download the report here: https://lnkd.in/e_GK8YSu QualitaX Treehouse Labs Kaleido Gianpiero-Alessandro (Sandro) Potenza Malcolm M. Jack Deeb Tom Whitton CoinDesk
🚀𝐎𝐮𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐫𝐞𝐩𝐨𝐫𝐭 𝐡𝐚𝐬 𝐧𝐨𝐰 𝐛𝐞𝐞𝐧 𝐫𝐞𝐥𝐞𝐚𝐬𝐞𝐝: 𝐄𝐭𝐡𝐞𝐫𝐞𝐮𝐦 𝐒𝐭𝐚𝐤𝐢𝐧𝐠 𝐑𝐚𝐭𝐞 𝐁𝐞𝐧𝐜𝐡𝐦𝐚𝐫𝐤𝐬 𝐏𝐫𝐢𝐦𝐞𝐫 📈 The Ethereum staking market has grown significantly, with 28% of all Ethereum currently staked. As of October 1, 2024, this translates to ~34.5 million ETH staked, valued at approximately USD$90.25 billion. #️⃣ Ethereum staking can be approached in two primary ways: native staking and liquid staking. While both native and liquid staking approaches provide opportunities to earn staking rewards, the fluctuating nature of these rewards has created a need for a standardized benchmark to measure staking yields across the ecosystem. This is where benchmark rates come into play. 📰 'Ethereum Staking Rate Benchmarks' is a primer on the emerging space of standardized measures for Ethereum staking rewards and related financial instruments such as Ethereum staking rate dated futures and Ethereum staking rate swaps. It covers some of the key Ethereum staking benchmarks available in the market, including the CF ETH Staking Reward Rate (ESRR), the MarketVector™ Figment Ethereum Staking Reward Reference Rate (STKR), the Compass Staking Yield Reference Index Ethereum (STYETH), CoinDesk Indices Composite Ether Staking Rate (CESR) and Lido Ethereum APR but also the upcoming Decentralized Offered Rates (DOR) framework from Treehouse. A special thanks to the experts who have contributed! Starting with Jack Deeb, Tom Whitton from Pier Two, Gianpiero-Alessandro (Sandro) Potenza, Brandon G. from Treehouse Labs, Kshitish Balhotra, Pablo Artiñano Muñoz from Kaleido . And of course, Gwlas Ed, Stefan Haupt, Malcolm M., Bradley Stone, Miguel FRANCOIS! 👉 Download and read the full report here: https://lnkd.in/ebxaMrUW
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Pier Two reposted this
📺 Ep14 of the Independent Reserve #Crypto & #Bitcoin #Podcast has just gone LIVE. Lee Eaton sits down with Jake Denny from Pier Two to talk about: 🐸 Touring with #Silverchair 📱 The bleeding edge of mobile tech 🥩 $ETH staking as a service 📺YT: https://lnkd.in/gfyw6siD
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Today, Monochrome launched the Ethereum ETF (IETH) on Cboe Asia-Pacific. Featuring an in-kind subscription and redemption facility, enabling investors that meet the target market determination, and determine whether this product is suitable to them, to transfer their ETH in and out of IETH. Congratulations to Jeff Yew Bridget Nichols Grayson McLeod Andre de Almeida and the rest of the team 👏
Introducing the Monochrome Ethereum ETF (Ticker: IETH). IETH is Australia’s first ETF that provides direct access to Ethereum with an in-kind subscription and redemption facility. IETH begins trading today, under the ticker ‘IETH’. Full announcement 🔽 https://mnchr.me/3zNWWSN #Ethereum #IETH #etf
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A fantastic evening on clear sky night in Brisbane City. Pier Two's CTO Seamus McNab, joins Chainlink Labs' Harry Papacharissiou, and local legend Duncan Wilson to talk about Real World Assets. Chainlink has been hard at work for many years now, to build the necessary infrastructure that effectively acts as the middleware that sits between “the real world” and blockchains, and allows data to flow between. The tokenisation movement is in full swing. And since the beginning of 2022, Chainlink has enabled more than USD$16.286 Trillion (yes, with a T) in total transaction value using Chainlink Price Feeds. Pier Two remains as excited and committed to working with Chainlink as we were at testnet back in 2019, to secure transactions on chain, and keep the innovation advancing.