Hex Trust, a crypto custodian, has added support for both custody and staking of stETH, the liquid staking token from Lido, which accounts for nearly 25% of all staked ether.
This development enables institutional clients to stake ETH and manage stETH seamlessly via Hex Trust’s custody platform, merging staking rewards with a secure, regulated environment. Hex Trust highlighted that institutional investors often encounter challenges when participating in staking, including operational intricacies and counterparty risks.
The company’s one-click staking function addresses these issues, allowing clients to benefit from staking rewards and decentralized finance (DeFi) liquidity options without needing to establish their own infrastructure, as stated in a press release. Stakers of stETH can also utilize their tokens across various DeFi activities such as lending, collateral, and restaking strategies.
“For institutional investors, efficiency and security are not just preferences—they are requirements,” remarked Calvin Shen, chief commercial officer at Hex Trust. “Our solution offers that essential combination.”
This integration showcases a broader trend in the crypto markets, where institutions seek reliable pathways into decentralized finance. By merging custody and staking on a single platform, Hex Trust establishes itself as a conduit for traditional investors wanting to engage with Ethereum’s staking landscape.
Clients can now take advantage of the new offerings through Hex Trust’s platform.
