tl;dr
Hex Trust has expanded its services to include custody and staking support for stETH, a liquid staking token from Lido, enabling institutional investors to stake Ethereum and manage stETH through its platform. This move addresses challenges like operational complexity and counterparty risks, offerin...
Hex Trust, a leading crypto custodian, has expanded its services to include custody and staking support for stETH, the liquid staking token issued by Lido. This integration marks a pivotal step for institutional investors, enabling them to stake Ethereum (ETH) and manage stETH directly through Hex Trust’s platform. stETH, which represents nearly a quarter of all staked ether, has become a cornerstone of Ethereum’s staking ecosystem, and Hex Trust’s move underscores the growing demand for secure, streamlined access to decentralized finance (DeFi).
Institutional investors often grapple with challenges like operational complexity and counterparty risks when participating in staking. Hex Trust’s one-click staking feature eliminates these barriers, allowing clients to earn staking rewards while leveraging the firm’s regulated infrastructure. This innovation also unlocks DeFi opportunities, enabling stETH holders to deploy their tokens for lending, collateral, and restaking strategies without the need for self-hosted infrastructure.
Calvin Shen, Hex Trust’s chief commercial officer, emphasized the importance of balancing efficiency and security for institutions. “For institutional investors, efficiency and security are not just preferences—they are necessities,” he said. The integration positions Hex Trust as a bridge between traditional finance and Ethereum’s staking economy, addressing a critical need in the crypto market.
The move aligns with a broader trend: as institutional appetite for DeFi grows, so does the demand for trusted, regulated solutions. By consolidating custody and staking into a single platform, Hex Trust is helping traditional investors navigate the complexities of Ethereum’s decentralized landscape.
Clients can now access these services through Hex Trust’s platform, signaling a shift toward more accessible, secure pathways for institutional participation in crypto. As the market evolves, such innovations may redefine how traditional finance intersects with the decentralized future.