Everstake partners with Cometh: Breaking down barriers between traditional finance and cryptocurrencies

At a moment when institutional-level adoption of crypto assets is making a historic breakthrough, blockchain infrastructure pioneer Everstake and MiCA-licensed DeFi platform Cometh announced a strategic partnership. According to DailyHodl on March 15, 2025, this collaboration not only removes many barriers between traditional finance and Web3 yield generation but also creates a compliant and convenient channel for institutional and accredited investors.

From Theory to Practice: In-Depth Analysis of the Collaboration Framework

This partnership cleverly delineates regulatory and technical responsibilities. As a Virtual Asset Service Provider (VASP) licensed under the MiCA framework, Cometh handles all client-facing compliance functions—including strict KYC (Know Your Customer) and AML (Anti-Money Laundering) checks—and provides secure, insured custody services for digital assets throughout the staking cycle.

Meanwhile, Everstake contributes its core competitive advantage in institutional-grade staking infrastructure. As one of the world’s largest non-custodial staking providers, serving over 70 blockchain networks, its tech stack ensures maximum uptime of validator nodes, optimal yield options, and robust security protocols.

Bridging the Gap: Complete On-Chain Yield Workflow from Fiat to Crypto

The fiat-to-yield pipeline launched through this partnership includes five stages:

Stage 1: Fiat Deposit Channel — Users transfer funds via SEPA or SWIFT bank transfers into Cometh’s designated MiCA-compliant account.

Stage 2: Regulatory Review and Conversion — Cometh reviews transactions per MiCA requirements and completes fiat-to-crypto conversion at institutional rates.

Stage 3: Staking Deployment — The converted crypto assets (e.g., ETH, SOL, DOT) are automatically delegated to Everstake’s validated high-performance staking nodes.

Stage 4: Yield Accumulation — Staking rewards are accumulated on-chain in real-time and managed via Everstake’s infrastructure.

Stage 5: Fiat Withdrawal — Users can convert their yields back to fiat through Cometh’s licensed gateway and have funds returned to their bank accounts.

MiCA Regulatory Framework: Catalyst for Institutional Influx

The timing of this partnership is no coincidence. The MiCA regulatory framework fully comes into effect in December 2024, marking the first comprehensive crypto asset regulation covering all 27 EU member states. It mandates licensing for crypto custody and trading platforms, establishes consumer protection standards, and enforces issuer transparency disclosures. This regulatory clarity has alleviated longstanding concerns among traditional financial institutions regarding digital assets.

Cometh swiftly obtained its MiCA license, establishing itself as a trusted gateway. According to its compliance officer: “Our license is not just a permit; it’s a commitment to the highest standards of security and compliance.” This regulatory foundation enables the partnership to serve asset management firms, family offices, and fintech companies seeking regulated crypto yield exposure.

Yield Models Comparison: Clash of Old and New Financial Systems

Sign of Maturing Web3 Infrastructure

This collaboration reflects the gradual maturation of blockchain infrastructure. Once, users had to manage exchanges, private keys, and complex staking mechanisms themselves. Today, providers like Everstake and Cometh abstract away these complexities, building a “pipeline” bridging traditional and decentralized systems.

Industry observers compare this evolution to cloud computing: from enterprise self-hosted servers, to AWS and Azure’s Infrastructure-as-a-Service, to Everstake’s “Staking-as-a-Service,” and Cometh’s “Compliance and Custody-as-a-Service.” This specialization enhances efficiency, security, and accessibility.

According to Q4 2024 report by blockchain research group, regulated staking gateways could attract over €50 billion in institutional capital within three years.

Multi-layer Security Architecture

Both companies employ layered security solutions. Everstake uses geographically distributed enterprise-grade hardware with 24/7 monitoring and validator slashing insurance. Cometh combines Multi-Party Computation (MPC) and Hardware Security Modules (HSMs), holding assets within regulated, audited trust structures. This dual-layer model aims to eliminate single points of failure—an issue that has plagued some centralized crypto services.

Market Impact and Future Outlook

The immediate outcome of this partnership is the creation of a new product category: regulated, fiat-native staking vaults. This could significantly shift capital flows within the crypto economy. Traditionally, staking rewards remain on-chain, often reinvested into crypto ecosystems. The ability to easily convert yields into fiat may attract a different investor segment—those seeking returns but preferring euro or dollar denominated payouts.

Looking ahead, this model could expand into DeFi lending yields or tokenization platforms for real-world assets (RWA). Everstake’s business development lead recently stated in a podcast: “This is just the first step. Our vision is a comprehensive regulated portal supporting any on-chain yield strategy, with user experience as seamless as online banking.”

Summary

The strategic partnership between Everstake and Cometh marks a key step toward mainstream institutionalization of crypto assets. By seamlessly connecting fiat deposits with crypto staking yields within the MiCA regulatory framework, this collaboration effectively bridges the long-standing gap between traditional finance and Web3. It lowers technical and regulatory barriers, unlocking vast institutional capital for the Web3 ecosystem, and sets a new industry standard for regulated, user-friendly digital finance.

FAQ

Q1: What is the main value of this partnership for investors?

It offers a fully compliant, low-threshold access route—users can directly earn crypto staking yields using traditional fiat (e.g., euros), with returns paid in fiat, without managing keys or routing through exchanges.

Q2: How does MiCA regulation protect service users?

MiCA mandates Cometh as a licensed provider to maintain sufficient capital reserves, implement strong custody solutions (including insurance), enforce strict KYC/AML procedures, and provide clear disclosures—ensuring consumer protection comparable to traditional finance.

Q3: Which crypto assets are supported?

Initially focusing on major proof-of-stake assets like Ethereum (ETH), Solana (SOL), and Polkadot (DOT). Given Everstake’s coverage of over 70 networks, the scope is expected to expand with institutional demand and regulatory acceptance.

Q4: How does this differ from traditional crypto exchange staking services?

Key differences include: direct fiat integration (no need for separate exchange accounts), operation under full EU MiCA license for custody and onboarding, emphasis on institutional-grade infrastructure and compliance rather than retail-oriented platforms.

Q5: What risks are associated with this service?

Main risks include inherent volatility of underlying crypto assets, potential smart contract or validator slashing risks (mitigated by Everstake’s insurance), and regulatory changes. While it does not eliminate market risk, it significantly reduces operational and custody risks.