Hex Trust Adds Custody support for stETH for Institutions
Institutions can safely store and manage their stETH and can earn staking rewards while keeping portfolios flexible.
Hex Trust, a leading digital asset custodian, has rolled out custody and staking support for stETH, Ethereum’s largest liquid staking token created through the Lido protocol.
According to the official blog post, Hex Trust is providing institutional investors easier access to staking rewards without operating their own validator systems. stETH has become the most widely used liquid staking token on Ethereum (ETH), representing a major share of all staked ETH. It is used on lending platforms, trading values, and as collateral in different financial setups.
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