TLDR
- Taurus has partnered with Everstake to integrate non-custodial staking services into its custody system for institutional clients.
- The collaboration allows institutional clients to delegate assets like Solana, Near Protocol, Cardano, and Tezos while maintaining full control.
- Everstake provides validator infrastructure across 80 proof-of-stake networks with over $7 billion in staked assets.
- Taurus offers secure digital asset infrastructure for banks, covering custody, trading, tokenization, and issuance services.
- The partnership with Everstake strengthens Taurus’s position in the growing institutional staking market.
Taurus, a digital asset infrastructure provider backed by Deutsche Bank, has announced a partnership with Everstake. The collaboration aims to integrate Everstake’s non-custodial staking services into Taurus’s custody system. This move will enable institutional clients to access yield generation across multiple proof-of-stake networks.
Integration of Everstake’s Staking Service
Taurus, a Swiss FINMA-regulated firm, will integrate Everstake’s staking solutions into its existing custody stack. Banks and institutional clients can now delegate assets like Solana (SOL), Near Protocol (NEAR), Cardano (ADA), and Tezos (XTZ) to Everstake’s validators. Through this, they can maintain full control over their private keys and operational processes within their existing systems.
Everstake, which operates over 80 proof-of-stake networks, will provide the necessary validator infrastructure. “This partnership is a clear step forward in our mission to support institutional access to staking,” said a representative from Everstake. With over $7 billion in staked assets, Everstake brings extensive experience and scalability to the collaboration.
Taurus Expands Services with Everstake Partnership
Founded in 2018, Taurus provides secure digital asset solutions for banks and financial institutions. Its offerings include custody, issuance, trading, and tokenization services. The partnership with Everstake marks another step in Taurus’s efforts to expand its services and enhance its infrastructure.
In May, Taurus further expanded its services by partnering with Parfin, an institutional blockchain provider. This collaboration aimed to bring tokenization services to financial institutions in Latin America. Taurus’s strategic initiatives, including this new partnership, position it as a key player in the institutional crypto space.
The integration of Everstake’s staking services within Taurus’s infrastructure is poised to address growing institutional interest in proof-of-stake networks. These networks have gained popularity as they offer attractive yield-generation opportunities for institutional investors. Institutions can now leverage Taurus’s secure custody while benefiting from the staking rewards provided by Everstake’s robust validator services.
Deutsche Bank-Backed Taurus Enhances Crypto Staking Solutions
Taurus’s partnership with Everstake mirrors a growing trend of institutions seeking to stake crypto assets within a regulated infrastructure. Companies like Lido and Coinbase have similarly expanded their staking offerings in recent months. As the demand for staking services increases, Taurus is well-positioned to meet the needs of its institutional clientele, further solidifying its leadership in the sector.
Deutsche Bank’s backing of Taurus adds an additional layer of credibility and stability to the partnership with Everstake. The collaboration further demonstrates the increasing convergence of traditional financial institutions with the evolving digital asset ecosystem.
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