Hex Trust Integrates Custody and Staking for Lido’s stETH
Hex Trust has integrated support for staking and custody of stETH, a liquid staking token by Lido, representing nearly 25% of all staked ETH.
- The integration allows institutional clients to stake ETH and manage stETH via Hex Trust’s platform.
- This move addresses challenges like operational complexity and counterparty risks faced by institutional investors engaging in staking.
- Hex Trust offers a one-click staking feature, giving clients access to staking rewards and DeFi liquidity tools without needing their own infrastructure.
- stETH holders can use their tokens for lending, collateral, and restaking strategies in decentralized finance.
The integration highlights a trend where institutions seek secure entry into DeFi, positioning Hex Trust as a bridge between traditional investors and Ethereum's staking ecosystem.