Anchorage Digital Expands U.S. Institutional Access to Lido’s wstETH
Anchorage Digital clients can now access wstETH through the platform they already use for custody, staking, and settlement.
Anchorage Digital has integrated Lido liquid staking into its institutional platform, giving customers access to wstETH within one of the most established digital asset custody environments in the U.S.
For institutional ETH holders, access is often the deciding factor. Many asset managers, hedge funds, corporate and protocol treasuries, and ETF issuers already understand the case for Ethereum staking. The harder question is whether staking can fit existing custody, governance, reporting, and settlement requirements. Anchorage Digital is relevant in that context because it is home to the first federally chartered crypto bank in the US, with infrastructure built around the policy and control needs of institutional clients.
The integration gives Anchorage Digital clients access to wstETH, the non-rebasing wrapped form of stETH. Balances remain fixed, with staking rewards reflected through the token’s exchange rate relative to stETH. That structure fits cleanly with institutional custody and accounting workflows, and makes wstETH easier to integrate across DeFi and institutional platforms that do not support rebasing tokens.
"Liquid staking has become one of the most important building blocks for institutional participation in Ethereum. By integrating with Lido, we're giving institutions access to wstETH without the operational or security tradeoffs that have historically kept large allocators on the sidelines. It's another step in making advanced onchain infrastructure institution-grade."
stETH is the market-leading liquid staking token on Ethereum, with the deepest liquidity and the widest integration footprint in the category. It represents ETH staked through the Lido protocol across a distributed set of 900+ node operators, and is integrated across major DeFi and institutional venues.
It is also the underlying asset for regulated products in Europe, including WisdomTree’s 100% staked stETH ETP. That combination of scale, liquidity, and integration depth has made stETH a reference point for how institutions hold Ethereum staking exposure, use it as collateral, and incorporate it into broader portfolio strategies.
“Institutional adoption depends on whether access fits the way institutions actually operate. Anchorage Digital’s integration brings wstETH into an important US institutional platform and strengthens the role of stETH and the Lido protocol in institutional Ethereum staking.”
The Anchorage Digital integration extends that institutional footprint into another important U.S. access point. It follows a broader pattern: ETF issuers are building products backed by staked ETH, treasury holders are moving from passive ETH balances into staked positions, and custodian support for stETH and wstETH continues to widen across major jurisdictions.
For institutions evaluating liquid staking, Anchorage Digital now offers access to the market-leading liquid staking token through a U.S. platform built for institutional custody, staking, and settlement.
To learn more about institutional access to stETH and wstETH, speak with the Lido Institutional team.