Everstake, Midas, and Apollo Launch mEVUSD, a Regulatory-Compliant Tokenized Investment Strategy
Miami, FL, March 5th, 2026, Chainwire
Everstake, one of the largest global non-custodial staking and yield infrastructure providers for institutional and retail clients, and Midas, a platform for on-chain investment products, announced the official launch of mEVUSD. Developed in collaboration with and managed by Apollo Crypto, mEVUSD is a regulatory-compliant, USDC-denominated tokenized strategy designed for yield available for institutional clients in the European Union and selected other jurisdictions, in compliance with applicable local requirements.
The launch introduces a professionally curated, market-neutral yield strategy that targets 7%–12% annual returns on stable assets, indicative, depending on market conditions. By generating yield primarily from financing and interest rate spreads rather than crypto price movements, mEVUSD offers banks, asset managers, and corporate treasuries a way to capture onchain rewards while aiming to reduce directional market exposure.
mEVUSD directly addresses the growing “Yield Gap” in the digital asset market, where money markets and treasury bills no longer satisfy institutional demand for higher onchain returns. Market data from EY highlights this shift, reporting that 84% of institutions are already utilizing or interested in stablecoins, while 76% of firms intend to invest in tokenized assets by 2026 for portfolio diversification.
mEVUSD meets this demand by transforming idle stablecoin balances into productive digital holdings. As a tokenized strategy, it provides a secure entry point into diversified, delta-neutral strategies, offering the regulatory comfort and professional risk management required by traditional non-crypto-native firms to enter the DeFi ecosystem.
mEVUSD Features & Governance
The mEVUSD product introduces a comprehensive three-layered ecosystem for institutional DeFi:
- Technology layer by Everstake: Provides a proprietary SDK integrated with Midas’ audited smart contracts that allows wallets and custodians to tap into tokenized strategies via a simple API, removing the technical complexity of direct smart contract interaction.
- Issuance platform by Midas: Provides a regulatory-compliant environment that enables asset managers to turn institutional strategies into regulatory-compliant tokens that offer full transparency, instant redemptions, and native composability across DeFi.
- Risk management layer by Apollo Crypto: Acting as the Risk Curator, Apollo Crypto actively manages the tokenized strategy. This includes diversified lending and basis trading across “blue-chip” protocols such as Aave, Morpho, Pendle to optimize returns through market-neutral positions.
“We’re seeing a structural shift in how institutions approach stablecoin capital. Passive yield is no longer sufficient — treasury teams are seeking controlled, compliant frameworks to enhance returns,” said David Kinitsky, Chief Corporate Development Officer at Everstake. “Everstake provides the underlying infrastructure layer, enabling strategy providers like Apollo Crypto to curate risk, while Midas facilitates regulated distribution. The result is streamlined access to advanced yield strategies for institutions through a single API, aligned with regulatory standards.”
Safety-First Yield Optimization
To safeguard institutional capital, the strategy operates under strict risk parameters monitored by Apollo Crypto. Strategies are restricted to over-collateralized lending and basis trades on highly liquid, blue-chip DeFi protocols. Apollo’s dedicated risk management framework employs real-time monitoring of Loan-to-Value (LTV) ratios, supported by deleveraging triggers to proactively address market volatility and smart contract risk.
“Institutional-grade DeFi requires professional oversight and a clear regulatory home,” said Henrik Andersson at Apollo Crypto. “Our role is to curate the most efficient yield strategies while maintaining a thorough risk framework, ensuring that institutions can access elevated rewards without compromising on security or regulatory alignment.”
Dennis Dinkelmeyer, CEO of Midas added: “By partnering with Everstake and Apollo Crypto to launch mEVUSD, we have built a regulatory-compliant environment that finally aligns decentralized efficiency with institutional standards. Midas’s role is to provide the secure, regulated rails that make sophisticated strategies accessible to investors who previously lacked a clear entry point, prioritizing legal clarity, absolute transparency, and rigorously managed performance.”
The product is offered to institutional clients across the European Union and selected other jurisdictions in compliance with applicable local requirements, providing a transparent, audited pathway to digital asset yield. Persons and entities in the U.S., U.K., Canada, China, Australia, and Iran, as well as those in sanctioned jurisdictions, are excluded.
About Everstake
Everstake is the largest global non-custodial staking and yield infrastructure provider serving institutional and retail clients, trusted by over 1,600,000 users across 130+ Proof-of-Stake networks. Founded in 2018 by blockchain engineers, the company supports $7+ billion in staked assets, delivering institutional-grade infrastructure with 99.98% uptime.
Supporting asset managers, custodians, wallets, exchanges, and protocols, Everstake offers API-first, compliant infrastructure backed by SOC 2 Type II, ISO 27001:2022, and NIST CSF certifications, as well as GDPR and CCPA compliance, and regular smart contract audits. Its globally distributed team of 100+ professionals is committed to making staking accessible to everyone while strengthening the foundations of decentralized finance.
All metrics, including without limitations value of staked assets, total number of active users, rewards rates, and networks supported, are historical figures and may not represent the actual real-time data. 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.
About Midas
Midas is a platform for composable onchain investment products. It enables investors to access strategies from institutional asset managers via regulatory-compliant tokens (mTokens) that offer full transparency, instant redemptions, and native composability across DeFi protocols like Morpho and Pendle.
Founded by Dennis Dinkelmeyer (formerly Goldman Sachs), Fabrice Grinda (FJ Labs), and Romain Bourgois (formerly Ondo Finance), Midas is backed by leading investors including RRE, Framework Ventures, Creandum, HV Capital, Strobe Ventures, Ledger Cathay and Coinbase Ventures. To date, Midas has powered over $1.7B in asset issuance and paid out $37M in yield.
About Apollo Crypto
Apollo Crypto is an award-winning, multi-strategy digital asset manager with a distinguished eight-year track record of market outperformance. We specialize in identifying high risk-reward investments across the blockchain ecosystem, managing three liquid funds with a strategic focus on Layer 1 & 2 Blockchains, Decentralized Finance (DeFi), Real-World Assets (RWA), and early-stage pre-token projects.
Leveraging deep on-chain expertise and an extensive global network, Apollo Crypto has been at the forefront of the industry as an active DeFi investor and participant since its inception. With more than eight years of consistent performance through multiple market cycles—including periods of extreme volatility—Apollo Crypto has delivered resilient, strong risk-adjusted returns that have distinguished it among peers.