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Home»Cryptocurrency & Free Speech Finance»Taurus adds staking backbone to its custody system via Everstake integration
Cryptocurrency & Free Speech Finance

Taurus adds staking backbone to its custody system via Everstake integration

News RoomBy News Room3 months agoNo Comments2 Mins Read1,016 Views
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Taurus adds staking backbone to its custody system via Everstake integration
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Taurus has entered into a partnership with Everstake that will integrate enterprise staking into its custody system for institutional clients, offering access to yield generation across proof-of-stake networks.

Taurus, a Swiss FINMA-regulated digital asset infrastructure provider, will integrate Everstake’s non-custodial staking services into its custody stack, according to Tuesday’s announcement from the company. 

The move enables banks and institutional clients using Taurus to delegate assets such as Solana (SOL), Near Protocol (NEAR), Cardano (ADA), and Tezos (XTZ) to Everstake’s validators while keeping private keys and operational control within their existing custody workflows.

Everstake, which supports over 80 proof-of-stake networks and reports approximately $7 billion in staked assets, will provide the validator infrastructure.

Founded in 2018, Switzerland-based Taurus provides digital asset infrastructure for banks and institutions, spanning custody, issuance, trading and tokenization.

In May, the company partnered with Parfin, an institutional blockchain provider, to expand its roots in Latin America with tokenization services for financial institutions.

Related: Bank of America backs 1%–4% crypto allocation, opens door to Bitcoin ETFs

The continued growth of institutional staking

Staking, the act of locking up tokens to secure a proof-of-stake (PoS) network in return for native-asset rewards, has gained traction with institutions as it expands beyond the realm of decentralized finance (DeFi) and into regulated infrastructure.

In February, Lido, the largest liquid staking protocol, introduced Lido v3 with new stVaults that let institutional Ether (ETH) stakers customize setups for compliance and operational control.

Liquid staking protocols and market cap. Source: DefiLlama

Coinbase followed a similar path in October, when it expanded an integration with Figment to enable institutional clients to stake a wider range of PoS assets directly from its custody arm.

Anchorage Digital expanded its Hyperliquid offering by adding HYPE staking through its US bank and its licensed entity in Singapore. The staking function, powered by Figment’s validator infrastructure, will also be accessible through Anchorage’s self-custody wallet.

The bank previously added custody and staking for Starknet’s STRK token in September, expanding institutional access to the asset and its yield-generating features.

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