We are proud to announce the appointment of David Kinitsky as Chief Executive Officer at Everstake.
David Kinitsky thus succeeds Sergii Vasylchuk, founder of Everstake, who will now transition to the role of the company’s President. This leadership change marks a strategic milestone as Everstake accelerates its expansion into institutional and broader global markets.
About David Kinitsky
“David brings a rare combination of creativity, deep institutional experience, and a strong values-first mindset. We spent a long time searching for someone who not only shares the core of the blockchain industry but also knows how to navigate regulated environments at scale,” said Sergii Vasylchuk. “Everstake was built in ‘cockroach mode’—under the pressure of regulatory uncertainty, in a world full of skepticism about Web3, and without a dollar of outside funding. I took it from zero to one. Now, as institutional adoption grows and the rules of the game become clearer, I’m proud to hand this company over to a true professional who shares our ethos and has the experience to take Everstake from one to one hundred.”
David Kinitsky brings deep experience in crypto and financial innovation, having held leadership roles at several of the industry’s most influential companies. He was the founding General Manager of Grayscale Investments, now one of the world’s largest digital asset managers, and previously led operations for SecondMarket, the private market platform later acquired by NASDAQ. He also held executive roles at Fidelity Investments, Circle, and Kraken, where he served as CEO of Kraken Financial Bank, the first crypto firm to receive a U.S. banking charter. These roles underscore his deep familiarity with building innovative businesses and investment products, while navigating emerging regulatory frameworks in both traditional finance and digital asset markets.
“With a track record of profitability and technical excellence, Everstake has already established itself as a premier staking and network service provider,” said David Kinitsky. “As staking becomes central to institutional crypto strategy, now we’re taking Everstake to the next level: reinvesting in the core staking business, scaling to meet institutional demand, and thoughtfully expanding into adjacent opportunities across infrastructure, data, and financial products.”
Everstake’s Expanding Presence in the Institutional Field
Over the years, Everstake has supported over 85 blockchain networks, onboarded over 735,000 users into staking, and secured $6.5 billion in delegated assets without compromising decentralization. David Kinitsky’s appointment further strengthens Everstake’s leadership in advancing the future of non-custodial staking and driving institutional blockchain adoption.
The leadership transition comes as regulators, including the SEC, begin to issue more definitive guidelines for digital assets, including staking. Everstake has taken a leading role in shaping the regulatory dialogue, including directly engaging with the SEC’s Crypto Task Force. As clearer rules emerge, the company remains committed to helping shape policy that reflects the realities of blockchain technology while continuing to educate and collaborate with global regulators.
“With growing regulatory clarity, Everstake is uniquely positioned to lead the industry with a compliant, scalable, and transparent approach to staking and crypto network infrastructure,” concluded David Kinitsky.
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Everstake is a software platform that provides infrastructure tools and resources for users but does not offer investment advice or investment opportunities, manage funds, facilitate collective investment schemes, provide financial services, or take custody of or otherwise hold or manage customer assets. Everstake does not conduct independent diligence or substantive review of any blockchain asset, digital currency, cryptocurrency, or associated funds. Everstake’s provision of technology services allowing users to stake digital assets is not an endorsement or a recommendation of any digital asset. Users are fully and solely responsible for evaluating whether to stake digital assets.
