Taurus Adds Staking Backbone To Its Custody System Via Everstake...

The move combines Everstake’s validator infrastructure with Taurus’ regulated custody stack, adding a staking pathway for institutional clients.

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

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.

Source: CoinTelegraph