Deutsche Bank-backed Taurus has partnered with Everstake to power institutional cryptocurrency staking.
Key Takeaways
- Taurus has partnered with Everstake to provide regulated, institutional-grade cryptocurrency staking services to banks and financial institutions.
- Taurus-PROTECT allows customers to stake major digital assets such as SOL, NEAR, ADA, and XTZ while maintaining safe custody.
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Taurus, a Swiss-based digital asset infrastructure provider backed by major financial institutions such as Deutsche Bank, Credit Suisse, and State Street, has partnered with Everstake to integrate Everstake’s staking infrastructure into its digital asset platform, Taurus-PROTECT.
This collaboration will enable Taurus’ institutional clients to securely stake digital assets and earn rewards on leading proof-of-stake networks such as Solana, NEAR Protocol, Cardano, and Tezos, while ensuring regulatory compliance and operational control.
Commenting on the partnership, Victor Busson, CMO of Taurus, said it will enhance the staking solutions available to institutions while maintaining the company’s high standards for security, governance and compliance.
“This demonstrates our ongoing commitment to enabling global banks and financial institutions to participate securely and at scale in the digital asset ecosystem,” Busson said.
According to Bohdan Opryshko, co-founder and COO of Everstake, institutions will only participate in cryptocurrencies if the infrastructure matches the quality and safeguards of traditional finance.
He said the partnership with Taurus is designed to provide that level of reliability, allowing institutions to stake their assets with full confidence in compliance and security.