Everstake has partnered with Cometh, a DeFi-native Banking-as-a-Service (BaaS) infrastructure provider and licensed custodian, to enable its customers to deposit fiat directly from their bank accounts, convert it into eligible crypto assets, stake them securely, and then receive rewards that can be settled back into fiat.
This dramatically lowers the threshold for entering Web3, providing users of the service with a streamlined and seamless opportunity to use fiat currencies and enjoy crypto-native rewards.
How It Works
Cometh operates across the EU as a licensed custodian and DeFi service provider, fully compliant with the Markets in Crypto-Assets Regulation (MiCA).
Clients complete KYC/KYB verification with Cometh, receive a dedicated IBAN for fiat deposits, and are issued a smart account. Once the fiat is converted into crypto, assets are routed to Everstake for secure, GDPR-compliant staking. Rewards can then be converted back into fiat, creating a smooth cycle that combines Web2 simplicity with Web3 opportunities without compromising custody, compliance, or operational control.
What Is MiCA
MiCA is the EU regulation covering the operation of crypto assets introduced in the summer of 2023. It sets the regulatory foundation for crypto services across the EU, and institutional interest in staking reaches record highs.
Institutional participation in staking surged to 44% in 2025, up from 31% in 2024, with total value locked in EU crypto platforms growing by 28% in Q1 alone. More than 150 crypto firms now hold MiCA licenses, reflecting traditional finance’s increasing entry into digital assets.
Why the Partnership Is Important
The partnership continues Everstake’s effort to make staking accessible, secure, and compliant for institutional partners.
“By integrating with Cometh’s regulated custody and fiat onboarding infrastructure, we’re enabling EU clients to move seamlessly from bank transfers to staking and back while meeting the highest security and regulatory alignment standards. This partnership is a perfect example of how regulated custody and enterprise staking can work hand in hand to unlock sustainable yield for institutions,” said David Kinitsky, CEO of Everstake.
According to Jérôme de Tychey, Founder and CEO of Cometh, Everstake’s involvement also paves the way to lasting financial growth through crypto assets that Cometh can efficiently custody, onboard, and offboard.
“We’re delighted to offer MiCA-compliant services with Everstake’s enterprise-grade staking solutions. As institutional adoption is accelerating in the European Union, it’s crucial to guarantee security and compliance for new entrants,” he noted.
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Everstake, Inc. or any of its affiliates 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, Inc. or any of its affiliates does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency or associated funds. Everstake, Inc. or any of its affiliates’s provision of technology services allowing a user to stake digital assets is not an endorsement or a recommendation of any digital assets by it. Users are fully and solely responsible for evaluating whether to stake digital assets.
