David Kinitsky leads Everstake: a new era for institutional staking

Everstake, one of the leading global providers of non-custodial staking, has announced the appointment of David Kinitsky as the new CEO. The decision represents a crucial moment for the company, which now aims to strengthen its presence in institutional and international markets. Kinitsky takes over from Sergii Vasylchuk, the founder of the company in 2018, who will assume the role of President.

This handover is not just a change in leadership, but a clear signal of strategic evolution. Everstake, which manages over 6.5 billion dollars in delegated assets and supports more than 85 blockchain networks, is preparing for a new phase of growth, focusing on scalability, compliance, and innovation.

Summary

• The profile of David Kinitsky: experience and vision of the new CEO of Everstake
• A new chapter for Everstake
• The regulatory context: clarity and opportunities
• A solid and certified infrastructure
• A shared vision for the future

The profile of David Kinitsky: experience and vision of the new CEO of Everstake

The choice of Kinitsky is not random. The new CEO brings with him a wealth of high-level experience in the world of traditional finance and cryptocurrencies. He was the founding General Manager of Grayscale Investments, one of the largest digital asset management companies in the world. He has also held key roles in companies such as SecondMarket (later acquired by NASDAQ), Fidelity Investments, Circle, and Kraken, where he led Kraken Financial Bank, the first crypto bank to obtain a banking license in the United States.

This combination of expertise in the regulated financial sector and the decentralized world of cryptocurrencies makes Kinitsky the ideal figure to lead Everstake in a rapidly evolving regulatory environment.

“David combines creativity, institutional experience, and a strong professional ethic. We built Everstake in ‘cockroach mode’, under the pressure of regulatory uncertainty and without external funding. Now is the time to go from one to one hundred.”

stated Sergii Vasylchuk.

A new chapter for Everstake

With over 735,000 active users and 40,000 validators, Everstake has established itself as one of the most reliable entities in the decentralized staking landscape. The company boasts an infrastructure with 99.9% uptime and no significant slashing events since its inception. Now, with Kinitsky at the helm, the goal is to strengthen the core business, expand into institutional markets, and explore new opportunities in the infrastructure, data, and financial products sectors.

“Staking is becoming a central component of institutional crypto strategies,” stated Kinitsky. “Everstake is ready to make the leap in quality, maintaining its technical excellence and aiming for scalability.”

The regulatory context: clarity and opportunities

The appointment of Kinitsky comes at a time when the regulatory landscape for cryptocurrencies is beginning to take shape with greater clarity. The SEC (Securities and Exchange Commission) has recently clarified that non-custodial staking does not constitute a securities offering, a position that Everstake has actively supported through direct dialogue with the agency’s Crypto Task Force.

This regulatory evolution represents an opportunity for companies like Everstake, which have always operated carefully in compliance with emerging rules. The company will continue to collaborate with global regulators, contributing to defining policies that reflect the real dynamics of blockchain technology.

“With greater regulatory clarity, Everstake is ideally positioned to lead the sector with a transparent, scalable, and compliant approach,”

added Kinitsky.

A solid and certified infrastructure

Everstake also stands out for the high standard of its technological infrastructure. The company is certified SOC 2 Type 2 and ISO 27001:2022, complies with the GDPR and regularly subjects its smart contracts to security audits. This “API-first” approach ensures secure and scalable access to over 85 Proof-of-Stake networks, for both institutional and retail clients.

The global team of Everstake, composed of over 100 professionals, works with the goal of making staking accessible to everyone, contributing to the strengthening of decentralized finance.

A shared vision for the future

The handover between Vasylchuk and Kinitsky is not just a change of role, but a cultural transition. Both share a common vision: to build a resilient, decentralized, and regulatory-compliant blockchain ecosystem. Everstake does not offer financial advice nor manage funds, but provides technological tools to enable users to participate in staking safely and independently.

In a constantly evolving sector, Everstake positions itself as a point of reference for institutional adoption of blockchain, combining technical innovation, regulatory responsibility, and commitment to decentralization.

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