NORTHSTAKE
Northstake ApS is a Copenhagen-based, CASP-authorised under MiCA fintech that provides enterprise-grade, regulatory-compliant Ethereum staking infrastructure (Staking Vault Manager for Lido V3 stVaults) to regulated financial institutions, digital asset managers, and qualified custodians across the EU and North America.
- Company typePrivate
- Founded2018
- HeadquartersCopenhagen, Denmark
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What NORTHSTAKE does
Northstake ApS is a Copenhagen-based fintech founded in 2018 that builds regulatory-compliant digital asset infrastructure for institutional investors. The company operates under the supervision of the Danish Financial Supervisory Authority (DFSA), holds FTID 10905, and in April 2026 was granted Crypto-Asset Service Provider (CASP) authorisation under the EU's Markets in Crypto-Assets Regulation (MiCA), enabling it to serve regulated clients across all 27 EU member states.
Its core product is the Staking Vault Manager (SVM), an enterprise-grade platform that wraps Lido V3 stVaults with a GUI, REST API, and TypeScript SDK. SVM provides full vault and validator lifecycle management — vault creation, funding, validator predeposits, activations, top-ups, consolidations, exits, withdrawals, stETH minting/burning, and node-operator and protocol fee settlement — and orchestrates multiple professional node operators (P2P.org, Pier Two, Solstice Staking, Everstake, InfStones). SVM Pro extends the platform with pool vaults, allowlist management, operator-fee disbursement, tier and timelocked operations for node operators, custodians, and exchanges.
The company monetises via quote-based institutional subscriptions on Standard and Pro tiers (monthly to multi-year contracts) plus staking transaction and validator fees, with all fees disclosed to clients before execution. Complementary products include Validator Liquidation (tokenized staking), OFAC/AML compliant staking, MPC-based digital asset custody for 50+ blockchain networks, Validator Infrastructure for custodians, Market Neutral Strategy, Collateralized Lending, and an ETH staking dApp. Distribution is exclusively B2B, combining direct enterprise sales with a channel-partner model through qualified custodians such as Balance Trust Company in Canada and the US.
NORTHSTAKE firmographics
Firmographics- Name
- NORTHSTAKE
- Legal name
- Northstake ApS
- Website
- https://northstake.dk
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Northstake ApS is a Copenhagen-based, CASP-authorised under MiCA fintech that provides enterprise-grade, regulatory-compliant Ethereum staking infrastructure (Staking Vault Manager for Lido V3 stVaults) to regulated financial institutions, digital asset managers, and qualified custodians across the EU and North America.
- Ownership category
- akta.pro rank
NORTHSTAKE industry classification
Industry- Product category
- Institutional Crypto Staking Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (523210), Computer Systems Design and Related Services (54151)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- Staking-as-a-Service (Managed Staking Providers) (FSADAOAK)
- akta.pro secondary industries
- Staking Infrastructure & Validator Enablement (Middleware, Slashing Protection, MEV Relays) (FSADAHAJ), Custodial Staking Providers (FSADAHAG), Digital Asset Custody & Key Management (MPC, HSM, Wallet Infra) (FSAGAMAB), MPC / HSM / Key Management Infrastructure (FSADACAC)
Keywords
Where NORTHSTAKE is headquartered
LocationHeadquarters
- HQ city
- Copenhagen
- HQ country
- Denmark
- HQ region
- Europe
Offices1 record
Markets served
NORTHSTAKE business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Platform Service Fees: Northstake charges service fees for staking platform access and operations. The company acts strictly as an agent on behalf of clients and earns fees from order execution and custody services. Fee structure is disclosed to clients before each transaction.
- Staking Transaction and Validator Fees: Revenue generated from staking operations including validator creation, management fees, and protocol fee settlement. Node-operator and protocol fees are charged and settled through the platform.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard SVM tier for stakers (individuals, funds, companies) |
| Subscription | Multi-year contract | SVM Pro tier for providers (node operators, custodians, exchanges) |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
NORTHSTAKE product offering
Product offeringCore offering
Northstake provides an enterprise-grade Staking Vault Manager (SVM) platform integrating Lido V3 stVaults that enables regulated financial institutions, custodians, and digital asset managers to stake ETH, mint stETH for liquidity, and manage the full validator lifecycle through GUI, REST API, and TypeScript SDK. The company also offers regulatory-compliant staking, MPC-based digital asset custody across 50+ blockchain networks, validator infrastructure, market-neutral strategies, and collateralized lending. It operates under MiCA CASP authorization supervised by the Danish FSA.
Product overview
Northstake is a Copenhagen-based fintech company providing regulatory-compliant digital asset products for institutional investors. Its core product is the Staking Vault Manager (SVM), an enterprise-grade platform that integrates Lido V3 stVaults, enabling institutions to stake ETH, mint stETH/wstETH for liquidity, and manage validators through a unified GUI, REST API, or TypeScript SDK. The SVM Pro tier extends the platform for service providers (node operators, custodians, exchanges) with pool vaults, allowlist management, and operator-fee features. Northstake also offers complementary products including Validator Liquidation (tokenized staking), Regulatory Compliant Staking (OFAC/AML), Digital Asset Custody (MPC-based, 50+ networks), Validator Infrastructure (for custodians), Market Neutral Strategy, Collateralized Lending, and an ETH Staking dApp. The company is CASP-authorised under MiCA and supervised by the Danish FSA.
Differentiator
Problem solved
Functional benefit
Brands
- Staking Vault Manager (SVM): Enterprise-grade platform for managing Lido V3 stVaults via UI, API and SDK
- Staking Vault Manager Pro
Products and services
- Staking Vault Manager (SVM) An enterprise-grade platform providing unified access to Lido V3 stVaults for Ethereum staking. Supports vault creation and management, validator lifecycle operations (create, activate, exit, consolidate, withdraw), staking and liquidity management via stETH minting/burning, multi-operator orchestration, fee settlement, and vault-level reporting. Accessible via GUI, REST API, and TypeScript SDK. Designed for institutional clients such as banks, asset managers, custodians, and digital asset managers.
- Staking Vault Manager Pro (SVM Pro) An advanced tier of the Staking Vault Manager built for providers — node operators, custodians, and exchanges — running vaults on behalf of others. Adds pool vaults, permissioned pool allowlist management, operator-fee disbursement, tier and operator-grid management, timelocked operations, and additional Pro-gated API endpoints.
- Validator Liquidation
Quantifiable outcome
- Validator exit queue of 45+ days demonstrated systemic risks of centralized single-operator architectures that Northstake's multi-operator model addresses
- +2 more outcomes
Companies that use NORTHSTAKE
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
NORTHSTAKE technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature6 records
NORTHSTAKE partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- InfStonescoreInfStones joined Northstake's Staking Vault Manager as a node operator, expanding the SVM's validator network with one of the most widely deployed blockchain infrastructure providers. Operates over 20,000 nodes across 80+ blockchains with established presence as a Lido node operator. Serves institutional clients including Binance, BitGo, OKX, Chainlink.
- ChainalysiscoreChainalysis provides compliance and transaction monitoring for Northstake's CASP operations. Used for ongoing compliance monitoring and transaction surveillance as required for CASP authorization under MiCA regulation.
- Balance Trust CompanycoreBalance enables its custody clients to access Lido V3 stVaults through Northstake SVM, making Balance Trust Company the first North American custodian to offer this integration. Serves asset managers, registered investment advisers, crypto asset trading platforms, and accredited investors across North America. Second-ever registered digital asset custodian in Canada with proprietary technology platform.
- Solstice StakingcoreSolstice Staking joined Northstake's Staking Vault Manager as a node operator, strengthening the platform's institutional-grade validator set. Secures over $1 billion in assets across more than 9,000 validator nodes. Known for strong emphasis on validator security, operational resilience, and risk management.
- Pier TwocorePier Two joined Northstake's Staking Vault Manager as a node operator, expanding the institutional validator network. Established in Australia in 2018, described as the fastest-growing staking service provider globally. Contributes to Ethereum initiatives including Pectra Staking Manager and Lean Consensus Client. Holds ISO27001:2022, SOC 2 Type I, SOC 2 Type II certifications.
- P2P.orgcoreP2P.org joined Northstake's Staking Vault Manager as a node operator. One of the largest non-custodial Ethereum validators globally with over $8 billion in staked assets and 99% uptime. Brings zero-slashing track record spanning eight years and independently audited infrastructure across 40+ blockchain networks.
- Lido (V3 Protocol)coreLido is the foundational protocol partner providing the stVault infrastructure. Northstake's Staking Vault Manager is built on Lido V3's modular staking architecture, enabling institutions to access stVaults with configurable validator selection and liquid staking via stETH. This is the core technology partnership enabling Northstake's entire product offering.
- EverstakecoreEverstake joined Northstake's ETH Validator Marketplace as a node operator. Recognized as one of the leading validators on Ethereum, Everstake brings a strong track record supporting $7+ billion in staked value locked across 40,000+ nodes for 80+ blockchains. Trusted by over 730,000 users with 99.9% uptime.
- 3iQminor3iQ is a digital asset manager testing tokenized ETH staking with Northstake. Their goal is to significantly improve capital efficiency of ETH funds in regulatory-compliant manner. Believes Northstake is the leading solution for ETF validator needs.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
NORTHSTAKE competitors and assessment
Company assessmentBroad incumbents
- Blockdaemon: Enterprise-grade blockchain infrastructure provider offering node deployment, staking, and API access. Competes with Northstake on multi-chain staking infrastructure for institutional clients.
- Anchorage Digital: US federally chartered digital asset bank offering institutional custody, staking, and trading. Competes for the same institutional staking mandates as Northstake, with broader banking-license positioning.
- Coinbase Institutional: Institutional arm of Coinbase, offering staking, custody, and trading to financial institutions. Direct overlap with Northstake on Ethereum staking for regulated institutions, but bundled with broader trading and prime brokerage services.
- Fireblocks: Institutional digital asset custody and operations platform with staking capabilities. Competes with Northstake in serving regulated institutions needing staking infrastructure, with a much broader feature set across DeFi access and tokenization.
Direct peers
- Allnodes: Non-custodial staking infrastructure provider supporting multiple networks including Ethereum. Competes with Northstake's SVM on validator hosting and management for institutional clients.
- Kiln: Institutional staking-as-a-service provider offering validator management, white-label staking, and yield APIs for financial institutions. Most direct head-to-head competitor to Northstake's SVM in the institutional Ethereum staking segment.
- Chorus One: Institutional staking provider operating validator infrastructure across multiple proof-of-stake networks. Listed as a Northstake partner/customer, but also a direct competitor in institutional Ethereum staking services.
- Figment: Institutional blockchain infrastructure provider offering staking, node operations, and custody-adjacent services. One of the largest non-custodial Ethereum validators and a direct competitor in the institutional staking market.
- Staking Facilities: Frankfurt-based institutional staking provider operating validator nodes for institutional clients. Overlaps directly with Northstake on EU-regulated Ethereum staking services for financial institutions.
Emerging players
- Lido Finance: Liquid staking protocol whose V3 stVault infrastructure underpins Northstake's entire SVM product. Both a critical partner and a structural dependency/competitor, since Lido could theoretically offer institutional access directly.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
NORTHSTAKE social profiles
Digital presenceNORTHSTAKE compliance and trust
Trust signalCompliance3 records
NORTHSTAKE financial estimates
Financial estimateRevenue estimate
Valuation estimate
NORTHSTAKE leadership team
Management profileNumber of profiles
Profiles11 records
NORTHSTAKE funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NORTHSTAKE M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NORTHSTAKE
What does NORTHSTAKE do?
Northstake provides an enterprise-grade Staking Vault Manager (SVM) platform integrating Lido V3 stVaults that enables regulated financial institutions, custodians, and digital asset managers to stake ETH, mint stETH for liquidity, and manage the full validator lifecycle through GUI, REST API, and TypeScript SDK. The company also offers regulatory-compliant staking, MPC-based digital asset custody across 50+ blockchain networks, validator infrastructure, market-neutral strategies, and collateralized lending. It operates under MiCA CASP authorization supervised by the Danish FSA.
Is NORTHSTAKE a public or private company?
NORTHSTAKE is a private company. It is classified as venture growth investor backed and is currently operating.
When was NORTHSTAKE founded?
NORTHSTAKE was founded in 2018. It employs 11 to 50 people.
Where is NORTHSTAKE based?
NORTHSTAKE is headquartered in Copenhagen, Denmark, in the Europe region.
How does NORTHSTAKE make money?
Two revenue lines are on record. Platform Service Fees are the primary driver. The others are staking Transaction and Validator Fees.
Who are NORTHSTAKE's main competitors?
Broad incumbents on record are Blockdaemon, Anchorage Digital, Coinbase Institutional and Fireblocks. Direct peers are Allnodes, Kiln, Chorus One, Figment and Staking Facilities. Lido Finance is listed as an emerging player.
Does NORTHSTAKE have an API?
Yes. Northstake offers a REST API for its Staking Vault Manager (SVM) platform. The API enables programmatic vault management, validator lifecycle operations (create, activate, exit, withdraw), staking and liquidity management, role and permission management, webhook configuration, and organization account access. Available via https://documentation.northstake.dk/reference. Also offers a TypeScript SDK (Northstake SDK) with modules for account, linked wallets, and validators, accessible via https://documentation.northstake.dk/docs/northstake-sdk. Developer documentation is at documentation.northstake.dk.
What industry is NORTHSTAKE in?
NORTHSTAKE's product category is Institutional Crypto Staking Platform. Its primary akta.pro industry code is FSADAOAK, Staking-as-a-Service (Managed Staking Providers), with a secondary code of FSADAHAJ, Staking Infrastructure & Validator Enablement (Middleware, Slashing Protection, MEV Relays). Its NAICS code is 522320 and its SIC code is 6200.