KEY TAKEAWAYS
- Finoa, a European digital asset custodian, now supports Lido’s Staked ETH (stETH) and Wrapped Staked ETH (wstETH), enhancing security for institutional clients.
- This integration marks a significant step towards institutional adoption of liquid staking, allowing secure storage and investment strategy integration.
- Finoa’s custody services facilitate seamless participation in Ethereum liquid staking, unlocking new opportunities in decentralized finance for institutions.
Lido Institutional contributors have announced that Finoa, a European digital asset custodian, has added support for the Lido protocol’s Staked ETH (stETH) and Wrapped Staked ETH (wstETH). This development enhances the accessibility and security of liquid staking token custody for institutional clients.
What This Means for Institutional Users
Finoa’s inclusion of stETH in its custody offerings marks a significant step towards institutional adoption of liquid staking. With a regulated partner like Finoa, institutions can now securely store stETH, facilitating the integration of Lido protocol’s liquid staking token into their investment strategies.
Through Finoa’s custody services, institutions can benefit from a seamless integration process, allowing them to participate in Ethereum liquid staking with confidence.
Driving Institutional Adoption of stETH
The integration of stETH into Finoa’s custody suite makes liquid staking token custody more accessible and practical for institutional users. By collaborating with regulated custodians such as Finoa, institutions are able to engage in Ethereum liquid staking more effectively.
stETH has already gained traction among institutional users due to its ability to combine staking rewards with liquidity. With Finoa’s support, more institutions can now incorporate stETH into their portfolios, unlocking new opportunities in decentralized finance.
Looking Ahead
As more institutions recognize the benefits of stETH, Lido Institutional contributors plan to continue working with partners to expand access and support. This ongoing collaboration aims to further enhance the adoption of liquid staking solutions.
For more information on Finoa’s custody services for stETH, visit Finoa’s website.
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