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>>Everstake and Cometh Build a Groundbreaking Bridge: Effortlessly Link Fiat Deposits to Crypto Staking Rewards

Everstake and Cometh Build a Groundbreaking Bridge: Effortlessly Link Fiat Deposits to Crypto Staking Rewards

crypthub

1 day ago

Partnership Overview

Everstake and MiCA‑licensed DeFi firm Cometh have created a compliant bridge linking fiat deposits to crypto staking rewards. The deal combines Everstake’s non‑custodial, institutional‑grade staking infrastructure with Cometh’s regulated custody and KYC/AML services. Institutions can now access staking yields without managing private keys or using separate exchanges.

Regulatory Framework

Cometh operates as a Virtual Asset Service Provider under the EU MiCA regulation, handling all client onboarding and insured custody. Everstake focuses on validator uptime, reward optimization, and security across more than 70 proof‑of‑stake networks. This division satisfies both regulatory oversight and technical performance requirements.

Fiat‑to‑Rewards Process

Clients initiate a SEPA or SWIFT transfer to Cometh’s fiat account, which converts the funds to crypto at institutional rates. The crypto is automatically delegated to Everstake’s validators, generating real‑time rewards. Upon request, rewards are reconverted to fiat and returned to the client’s bank, creating a fully fiat‑native staking vault.

Market Impact and Outlook

The bridge introduces a new product class that may attract billions of euros of institutional capital by removing technical and compliance frictions. Security is reinforced through distributed hardware, slashing insurance, MPC and HSM custody solutions. Future phases aim to extend the regulated gateway to DeFi lending and real‑world asset tokenization, further integrating Web3 yields with traditional finance.