Everstake and Paribu Launch Institutional Staking in Turkey
Everstake, the world’s largest non-custodial staking provider, has partnered with Paribu Custody, Turkey’s first institutional digital-asset custody solution, to accelerate institutional staking adoption in Turkey. The integration enables Paribu Custody clients to stake assets on major Proof-of-Stake networks – including Ethereum (ETH), Solana (SOL), Cosmos (ATOM), Cardano (ADA), Aptos (APT) and Celestia (TIA) – via Everstake’s enterprise-grade validators. Backed by Everstake’s 99.98% uptime and global compliance certifications (SOC 2 Type II, ISO 27001:2022, NIST CSF, GDPR, CCPA), this collaboration allows institutions to convert digital assets into yield-generating holdings within a secure, compliant framework. Paribu Custody’s proprietary ColdShield technology has processed over $150 billion in volume, supporting Turkey’s rapidly growing crypto market projected to hit $2.2 billion revenue in 2025. Mehmet Kafadar, Paribu Custody Director, emphasised the enhanced capabilities delivered by Everstake’s network support and competitive rates. Bohdan Opryshko, Co-Founder and COO of Everstake, underlined the move from experimental to essential for institutional staking. This partnership strengthens blockchain infrastructure in the region and offers seamless digital asset custody and staking solutions for asset managers, exchanges, and financial institutions in Turkey.
Bullish
This partnership is likely bullish since it significantly lowers barriers to institutional staking in Turkey by combining Paribu’s custody compliance and Everstake’s reliable validator infrastructure. Enhanced security and regulatory alignment often attract larger institutional capital, driving demand and liquidity for staked assets across major networks like ETH and SOL. Historically, similar integrations—such as Coinbase’s staking rollout and partnerships between custodians and validators—have boosted network staking participation and bolstered token prices in both short and medium terms. In the short term, this could lead to increased staking volumes and market confidence, potentially supporting upward price pressure on staked tokens. In the long term, by establishing a compliant, turnkey staking solution, the partnership may deepen institutional engagement in Turkey’s expanding crypto market, fostering sustained growth in Proof-of-Stake networks. Overall, improved infrastructure and regulatory compliance suggest a positive market outlook, reinforcing the bullish sentiment.