Taurus has established a partnership with Everstake to integrate enterprise staking features into its custody framework for institutional clients, thereby presenting opportunities for yield generation across proof-of-stake networks.

Taurus, which operates under the regulatory oversight of FINMA in Switzerland, is set to incorporate Everstake’s non-custodial staking services into its custody framework. The announcement was made on Tuesday. This strategic move allows banks and institutional clients to engage resources such as Solana (SOL), Near Protocol (NEAR), Cardano (ADA), and Tezos (XTZ) with Everstake’s validators while retaining their private keys and control over operations within existing custody protocols.

Liquid staking protocols and market cap. Source: DefiLlama

Everstake boasts support for over 80 proof-of-stake networks and manages approximately $7 billion in staked assets, providing essential validation infrastructure.

Founded in 2018, Taurus delivers digital asset infrastructure tailored for banks and institutions, facilitating custody, issuance, trading, and tokenization.

In a previous collaboration this May, Taurus joined forces with Parfin, a blockchain provider for institutions, to enhance its outreach in Latin America by introducing tokenization services for financial entities.

Continued growth of institutional staking

The concept of staking, which denotes locking up tokens to secure a proof-of-stake (PoS) network in exchange for native-asset rewards, has seen increased popularity among institutions as it transitions from decentralized finance (DeFi) into more regulated environments.

In February, Lido, the largest liquid staking protocol, launched Lido v3, featuring new stVaults that allow institutional Ether (ETH) stakeholders to modify setups for compliance and operational management.

Coinbase took a similar step in October when it expanded its integration with Figment to enable its institutional clients to stake a broader array of PoS assets directly via its custody services.

Furthermore, Anchorage Digital broadened its Hyperliquid service by incorporating HYPE staking through its US banking operations and a licensed branch in Singapore, enhancing staking access.

The bank had previously permitted custody and staking for Starknet’s STRK token in September, thus extending institutional access to this asset and its corresponding yield possibilities.