Taurus has announced a strategic partnership with Everstake to enhance its regulated custody platform, Taurus-PROTECT, by integrating Everstake”s non-custodial staking technology. This collaboration allows institutional clients, particularly banks, to stake significant Proof-of-Stake (PoS) assets while maintaining control over their private keys and adhering to compliance standards.
The partnership is set to enable staking for prominent digital assets, including Solana, NEAR Protocol, Cardano, and Tezos. By incorporating Everstake”s infrastructure, Taurus aims to provide a secure and compliant environment for financial institutions looking to participate in staking activities.
According to Taurus, this integration not only bolsters its existing custody services but also broadens the range of on-chain services available for regulated entities in the evolving digital asset landscape. Chief Marketing Officer Victor Busson emphasized the importance of this collaboration, stating, “Our partnership with Everstake expands the range of staking options available to our institutional clients while maintaining Taurus” standards for security, governance, and regulatory compliance.”
Everstake, which operates validators across over 80 networks and manages approximately $7 billion in staked assets, is committed to providing institutional-grade infrastructure. Chief Operating Officer Bohdan Opryshko remarked on the necessity for systems that align with the stringent safeguards expected in regulated finance. He noted that their combined efforts create a framework where compliance, security, and scalability are inherent, allowing financial institutions to engage in staking confidently.
This partnership streamlines the staking process within a singular custody setup, ensuring that banks retain full control throughout their staking endeavors. Taurus believes that aligning custody and staking services will enhance its institutional offerings as demand for PoS participation continues to rise, thus creating a robust foundation for long-term involvement in these networks.
As the digital asset sector matures, Taurus” integration with Everstake positions it to meet the growing needs of regulated financial institutions seeking to navigate the complex landscape of cryptocurrency staking.
