The EU's first compliant staking scheme is here: fiat-to-crypto direct staking, making institutional entry more convenient

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【Blockchain Rhythm】There are new developments in the DeFi circle. Non-custodial staking service provider Everstake and DeFi infrastructure firm Cometh, which has obtained the EU MiCA license, announced a partnership to create a compliant channel for institutional and corporate clients in the EU.

What does this process look like? Clients first transfer fiat currency via bank transfer. After completing KYC/KYB identity verification, the funds are automatically converted into crypto assets. Then, Everstake is responsible for secure staking operations. Once the earnings are received, they are exchanged back into fiat for withdrawal— the entire process operates within a regulatory framework, saving institutional clients from figuring out how to enter the crypto world themselves.

The meaning of this partnership is very clear: Previously, institutions wanting to participate in Web3 staking faced complex processes and high compliance costs. Now, with this complete solution, the entry barrier has been significantly lowered. The EU's MiCA regulatory framework has strong constraints on the crypto industry. Being able to navigate the full fiat-staking-redemption chain within this system indicates that the standardization process of DeFi is indeed progressing.

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