Everstake and Cometh partner to link fiat deposits with staking rewards

Blockchain infrastructure provider Everstake has formed a strategic partnership with Cometh, a DeFi infrastructure and custody firm licensed under the EU's Markets in Crypto-Assets (MiCA) regulation, The Daily Hodl reported. The collaboration will enable clients to deposit fiat currency from their bank accounts, convert it into cryptocurrency for staking, and receive the resulting rewards back in fiat. Under the agreement, Cometh will handle MiCA-compliant custody and client onboarding, while Everstake will provide its institutional-grade staking infrastructure. The companies stated that the system is designed to offer access to Web3 yield opportunities with the convenience of a traditional bank transfer.