Anchorage Digital adds Lido liquid staking for institutions

Anchorage Digital, a federally chartered crypto bank, announced on July 2 that it has integrated the Lido liquid staking protocol into its institutional platform. The move allows institutional clients to directly access Lido's wrapped staked Ether token, wstETH, while keeping their assets within Anchorage's regulated custody environment.

Clients can now connect to the Lido application from within Anchorage's platform to mint and burn wstETH. This provides exposure to Ethereum staking rewards without requiring institutions to transfer assets to a separate staking provider or manage their own validator infrastructure. The integration is designed to keep custody, staking, governance, reporting, and settlement processes consolidated on a single regulated platform.

Nathan McCauley, co-founder and CEO of Anchorage Digital, stated that liquid staking has become a critical component for institutional participation in Ethereum. He said the integration gives institutions access to wstETH while avoiding the operational and security trade-offs that have previously deterred large allocators.

The wstETH token represents staked ETH but remains liquid and transferable. Unlike traditional...