Miami, FL, March 5th, 2026 - Everstake, Midas and Apollo Crypto announced the commercial launch of mEVUSD, a tokenized, USDC-denominated strategy designed to provide regulatory-compliant yield for institutional clients in the European Union and selected other jurisdictions.
The offering is the result of a collaborative arrangement: Everstake supplies the underlying infrastructure, Midas provides the issuance and regulatory wrapper, and Apollo Crypto manages the strategy as the appointed Risk Curator. The partners say the product is targeted at banks, asset managers and corporate treasuries seeking to put stablecoin balances to work while limiting exposure to directional crypto price moves.
An institutional-targeted, market-neutral yield product
mEVUSD is positioned as a professionally curated, market-neutral yield strategy denominated in USDC. The managers describe the indicative annual return range as 7%–12%, subject to prevailing market conditions. The strategy’s yield generation is described as arising primarily from financing and interest rate spreads rather than from taking views on crypto price appreciation or depreciation, a design intended to reduce directional market exposure for institutional participants.
The product is structured as a tokenized strategy that turns idle stablecoin balances into productive digital holdings. According to the partners, this tokenization aims to provide a transparent, audited route into diversified, delta-neutral strategies while offering the compliance and risk-controls that traditional, non-crypto-native firms require to engage with DeFi.
Addressing the 'Yield Gap'
The launch of mEVUSD is presented as a response to a widening "Yield Gap" within digital assets, where conventional cash and treasury instruments no longer meet institutional demand for higher onchain returns. The announcement cites market data indicating that 84% of institutions are already using or are interested in stablecoins, and that 76% of firms intend to invest in tokenized assets by 2026 for portfolio diversification. The partners position mEVUSD as a product that converts idle stablecoin capital into regulated, yield-bearing exposures.
Product architecture and governance
mEVUSD is built on a three-layer architecture, with responsibilities allocated across the three partners:
- Technology layer - Everstake: Everstake contributes a proprietary software development kit integrated with Midas’ audited smart contracts. That SDK is intended to allow wallets, custodians and other infrastructure providers to access tokenized strategies via a single API, removing the need for direct interaction with smart contracts.
- Issuance platform - Midas: Midas supplies the regulated issuance environment that transforms institutional strategies into regulatory-compliant tokens. The platform is described as offering full transparency, instant redemptions and native composability across DeFi protocols.
- Risk management layer - Apollo Crypto: Apollo Crypto is designated the Risk Curator responsible for actively managing the tokenized strategy. The firm’s management remit includes diversified lending and basis trading across perceived blue-chip DeFi protocols such as Aave, Morpho and Pendle to optimize returns through market-neutral positions.
Safety-first approach to yield optimization
To protect institutional capital, the partners say mEVUSD will operate under strict risk parameters overseen by Apollo Crypto. The strategy will be constrained to over-collateralized lending and basis trades on liquid, blue-chip DeFi protocols. Apollo’s monitoring framework is reported to include real-time surveillance of Loan-to-Value ratios and deleveraging triggers designed to respond proactively to market volatility and smart contract risk.
“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.”
“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.”
Distribution, eligibility and exclusions
The product is being offered to institutional clients across the European Union and selected other jurisdictions in compliance with applicable local requirements. The announcement specifies that persons and entities in the U.S., U.K., Canada, China, Australia and Iran, as well as those in sanctioned jurisdictions, are excluded from participation.
Company profiles and disclosed metrics
Everstake is described as a global non-custodial staking and yield infrastructure provider that serves institutional and retail clients. The firm’s disclosed metrics include more than 1,600,000 users across 130+ Proof-of-Stake networks, and support for $7+ billion in staked assets. Everstake states it was founded in 2018 by blockchain engineers, operates with 99.98% uptime and provides 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. The announcement includes a company clarification that all metrics cited are historical and may not represent real-time data and that Everstake does not provide investment advice, take custody of customer assets or conduct independent diligence on digital assets.
Midas is presented as a platform for composable onchain investment products that enables investors to access institutional strategies via regulatory-compliant tokens, referred to as mTokens. Midas’ disclosure in the announcement notes that to date the platform has powered over $1.7 billion in asset issuance and paid out $37 million in yield. Founders named in the announcement include Dennis Dinkelmeyer, Fabrice Grinda and Romain Bourgois, and the firm is said to be backed by a range of investors. Midas’ stated role for mEVUSD is to deliver the regulated issuance rails, instant redemptions and transparency required by institutional demand.
Apollo Crypto is introduced as a multi-strategy digital asset manager with an eight-year track record. The firm is described as specializing in identifying high risk-reward investments across the blockchain ecosystem and managing three liquid funds with focuses including Layer 1 and Layer 2 blockchains, decentralized finance, real-world assets and early-stage pre-token projects. Apollo’s responsibilities for mEVUSD are framed around active risk curation, diversified lending and basis trading intended to optimize returns while adhering to the strategy’s market-neutral mandate.
Operational and legal notes
The partners emphasize that mEVUSD is intended to provide a regulated, audited onchain route for institutions to access yield strategies. The announcement reiterates the product’s reliance on over-collateralized exposures and risk controls and notes that eligibility is limited by local regulatory requirements. The partners also reiterate standard disclaimers around historical metrics and the non-advisory nature of their technology and services.
Contact
For press inquiries, the announcement lists PR Manager Annabella-Nikol Lapshyna at Everstake and provides the contact email [email protected].