Institutional-Grade Staking Services for Everest Ventures Group: A Case Study

Case Study

Jun 04, 2024

2 min read

Institutional-Grade Staking Services for Everest Ventures Group: A Case Study

Everest Ventures Group (EVG) is a Web3 operating group driving mass adoption of Web3. The company is a bridge between mainstream business leaders, cultural icons, and Web3 innovators. 

With a global team of 300, EVG has built and launched a diverse portfolio of products such as Aspen Digital, Mugen Interactive, OpenSocial Protocol, SoMon, Zeek, Kiki, LiveArt, Blocktempo, Cassava Network, and Adaverse to name a few. As an early investor and lead advisor, EVG has contributed to unicorns and 150+ defining projects such as Celestia, Wormhole, Berachain, Dapper Labs (Flow), Animoca Brands, Immutable, The Sandbox, Yuga Labs, Kraken, Lukka, Dunamu and Blocklords.

The Challenge

Fireblocks currently supports a limited number of blockchain networks for native staking. This means institutional stakers may be limited in the choice of networks they can stake using Fireblocks’ native interface. 

“We are pleased to assist EVG in their staking needs via our dashboard product. Stakin strives to provide our institutional clients with a secure and seamless non-custodial staking experience. We look forward to supporting EVG in further staking opportunities in their investor journey, and we thank them for their trust in delegating their assets to us.”

– Edouard Lavidalle, CEO, Stakin

The Solution

To assist institutional clients in taking advantage of Fireblocks’ MPC and patent-pending chip isolation technology without being limited by the choice of blockchain networks they can stake on, we have built a custom Fireblocks integration on our institutional staking dashboard. 

In doing so, we’ve taken advantage of Fireblocks’ most powerful feature: raw signing. This feature allows a user to sign a transaction on a blockchain that Fireblocks doesn’t currently support.

With Stakin’s Fireblocks integration, EVG can utilize our outstanding staking infrastructure directly from the Fireblocks dashboard in just a few clicks. This means that Everest Venture Group can stake network tokens not currently supported by Fireblocks in a non-custodial way directly from Fireblocks's easy-to-use interface.

"We've been working with Stakin, and we are pleased with their service. Stakin has proven that it genuinely listens to the needs of institutional investors and supports new networks. Their integration with Fireblocks matches our security requirements while providing access to emerging opportunities. "

– Ruby Cheng, Cofounder & Chief Controller, EVG

About Fireblocks

Fireblocks is an enterprise crypto management platform that helps large financial institutions protect digital assets from theft or hackers.

Fireblocks uses breakthrough MPC and patent-pending chip isolation technology to secure private keys and API credentials and eliminate the need for deposit addresses.

Fireblocks meets the needs of the largest and most stringently regulated institutions by providing an enterprise-grade, battle-tested infrastructure that is secure, flexible, and adaptable.

About Stakin 

Stakin is a non-custodial infrastructure provider for Proof-of-Stake blockchains. Stakin serves institutional crypto players, foundations, custodians, and exchanges as well as a large community of individual token holders.

Stakin provides services on 40+ blockchain networks including Ethereum, Cosmos, Solana, Polygon, Near, and more. More than 50,000+ delegators have trusted over $2 billion in assets with Stakin.

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