Hex Trust Enhances Institutional Access with stETH Custody and Staking
- Hex Trust has integrated custody and staking support for stETH, a liquid staking token from Lido.
- stETH represents nearly a quarter of all staked Ether, allowing institutional clients to stake ETH directly from Hex Trust’s platform.
- The one-click staking feature simplifies access to staking rewards and DeFi liquidity tools for clients.
- Calvin Shen, chief commercial officer at Hex Trust, emphasized the need for efficiency and security in institutional investment.
- Clients can also deploy their stETH tokens across various DeFi strategies including lending and restaking.
The integration of custody and staking services by Hex Trust reflects a growing demand among institutions for secure pathways into decentralized finance. This move allows traditional investors to engage more effectively with Ethereum’s staking economy.
With the ability to manage stETH directly through Hex Trust’s platform, institutional clients can now access essential staking rewards more easily than before. This positions Hex Trust as a critical bridge in the evolving crypto landscape.(Source)
