Latest news with #Vaults
Washington Post
3 days ago
- Business
- Washington Post
Capital One Arena renovations are underway. Here's what to expect.
The Washington Wizards' makeover isn't the only rebuild taking place in Chinatown these days. Upward of 800 people will work around-the-clock this summer as part of the first major phase of a three-year, $800 million renovation project at Capital One Arena. Many of the changes scheduled to be completed ahead of the 2025-26 Washington Capitals and Wizards seasons will go unnoticed by fans, as the initial work will be focused, out of necessity, on the event level of the nearly 30-year-old building. Improvements coming in future years include wider concourses, a 40 percent increase in the number of arena restrooms, expanded concession offerings, the installation of blue seats and a new sound system and scoreboard. Over the next few months, the Capitals and Wizards are getting new locker rooms, each twice as large as the spaces the teams previously used. New training and recovery rooms, a film room and a players' family lounge are also expected to be ready in time for next season. The redesign of the event level will involve relocating several back-of-house spaces used by support staff to the mixed-use Gallery Place building adjacent to the arena, where previous tenants included Lucky Strike and Bed Bath & Beyond. 'At the completion of this project, we will have a brand-new building, from the event level through the roof and really expanding over to Gallery Place,' Jim Van Stone, Monumental Sports & Entertainment's president of business operations, said during a media tour of the space Wednesday. The Gallery Place building will eventually house Monumental's administrative offices, box office and security operations staff. It will be anchored by a 12,000-square-foot team store and a Grand Pavilion with multiple entrances to the arena, which will feature five additional retail boutique shops. Monumental's broadcast studio opened in the same square block last year. Other changes marked for future phases of the project include relocating the main entrance to the arena closer to the corner of 7th and F Streets, a redesigned entrance on 6th Street and the opening of a grand food hall on the 400 level. The exterior of the arena will also look drastically different by the time the project is scheduled to be completed ahead of the 2027-28 season, thanks to the installation of an immersive veil that will encircle the building. The modernized nod to the saddle-shaped design of Capital Centre will have the ability to change color. Three new premium spaces will be completed this summer and be available for the 2025-26 season. They include the United Globe Club and United Globe Lounge, which will replace the Etihad Lounge, and the Vaults — 10 all-inclusive suites with lounge-style seating areas, a tasting room and access to 18 lower-level seats in Sections 110, 111 and 112. Premium spaces on the 100 and 300 levels will be renovated in later phases of the project. Van Stone said Monumental hopes to increase the number of annual events Capital One Arena holds by the end of the renovation. The venue, which opened as MCI Center in December 1997, is slated to host several marquee events in the coming years, including Sweet 16 and Elite Eight games for the NCAA men's basketball tournament next March, the 2027 Frozen Four and Sweet 16 and Elite Eight games for the NCAA women's basketball tournament in 2028. Earlier this month, Monumental opened the Reserve, an interactive space on the third level of Capital One Arena offering season plan holders, clients and other interested parties a preview of the changes coming to the building over the next three years.
Associated Press
4 days ago
- Business
- Associated Press
Cactus Custody Taps Chorus One to Power Seamless Institutional ETH Staking
05/28/2025, Singapore, Singapore // KISS PR Brand Story PressWire // Cactus Custody, the qualified institutional custodian brand under Matrixport, has integrated Chorus One 's ETH Vaults into Cactus Link, its proprietary multi-chain wallet extension. This partnership delivers seamless access to high-performance Ethereum staking for institutions, combining trusted custody with Chorus One's research-driven validator infrastructure. Cactus Tasked with safeguarding over $10B in digital assets, Cactus Custody is expanding its offerings to meet growing institutional demand for secure, compliant blockchain solutions. The integration of ETH Vaults simplifies the path to ETH-based rewards—eliminating manual workflows and bringing sophisticated staking products directly into the custody environment. 'Institutional adoption is no longer a distant goal—it's happening now,' said Brian Crain, CEO of Chorus One. 'We're excited to work with Cactus to deliver secure, intuitive access to next-gen staking solutions, and to help shape a unified financial hub for institutions in the APAC region.' Timothy Tan, Head of Sales and Partnerships of Cactus Custody, added, 'At Cactus Custody, we're committed to bridging the gap between institutional-grade security and the dynamic opportunities of blockchain technology. Partnering with Chorus One empowers our clients with seamless access to trusted staking solutions through Cactus Link, transforming complex reward generation into a streamlined, secure, and intuitive experience.' Live Now on Cactus Link Institutional users can now access ETH Vaults directly through Cactus Link, including: This partnership enhances the institutional staking experience and sets a new benchmark for accessible and efficient solutions. As blockchain technology continues to evolve, Cactus Custody and Chorus One remain committed to delivering reliable, high-performance financial tools for a broad range of users. About Cactus Custody Founded by Jihan Wu, Cactus Custody is an institutional digital asset custodian. It is ISO certified and operates as a licensed trust company in Hong Kong (Licence Number TC006789) with a temporary exemption granted by the Monetary Authority of Singapore. The company complies with all applicable capital and anti-money laundering regulations. Cactus Custody secures billions of dollars in digital assets for over 300 institutional clients, including mining firms, mining pools, investment funds, asset managers, and over-the-counter trading platforms. About Cactus Link Cactus Link is a browser-based wallet extension that enables institutions to engage in decentralized finance activities across nearly 30 public blockchains. Supported networks include Ethereum, Solana, Bitcoin, and Cosmos, covering both EVM-compatible and non-EVM environments. Users can stake securely without mnemonic phrases and benefit from features such as transaction validation, address verification, approval workflows, hardware-based signatures, Taproot support, and additional auditing protections. For more information, visit: About Chorus One Chorus One is a global staking provider trusted by institutional and retail clients. Its ETH Vault products, including MEV Max and Obol, deliver enhanced staking rewards through advanced blockchain infrastructure. With support for multiple chains and a strong reputation for reliability and innovation, Chorus One continues to provide secure and efficient staking solutions. Media Contact Cactus Custody Cactus Custody PR Team [email protected] Chorus One Rajiv Naidoo [email protected] This content was first published by KISS PR Brand Story. Read here >> Cactus Custody Taps Chorus One to Power Seamless Institutional ETH Staking
