BitGo Becomes First U.S. Custodian to Enable Native ETH Staking via Lido

BitGo, a leading qualified custodian trusted by over 2,000 institutional clients globally, has announced native ETH staking support via the Lido protocol. This allows clients to stake ETH directly within BitGo’s custody platform and mint stETH, Ethereum’s largest liquid staking token.
This integration is the first time a U.S.-based qualified custodian has enabled institutional clients across Europe and Asia to easily access Ethereum staking rewards through stETH, benefiting from its market-leading liquidity and the decentralized infrastructure of the Lido protocol.
Institutional interest in stETH continues to grow, driven by its ability to enhance capital efficiency and liquidity management without the lock-up periods associated with traditional staking. Over $25 billion in ETH is currently staked via the Lido protocol, representing more than 25% of all staked ETH. Its extensive integration across decentralized finance (DeFi) and centralized platforms, including lending markets, liquidity pools, OTC desks, and regulated custody platforms, makes stETH an increasingly important holding for institutional treasuries and portfolio managers.
BitGo’s regulated custody solution for stETH leverages its institutional-grade custody platform, which currently safeguards over $100 billion in digital assets under custody and $48B in assets staked, globally. By enabling native staking capabilities through Lido, BitGo addresses custody and operational hurdles commonly faced by its institutional clients, offering a streamlined, regulated solution for accessing liquid staking.
Institutional clients using BitGo’s custody solution can now:
- Stake ETH directly within BitGo’s regulated custody platform to mint stETH.
- Redeem stETH back into ETH, enhancing treasury management and liquidity flexibility.
- Deploy stETH in DeFi for lending and collateralization, further enhancing capital efficiency and liquidity management.
- Easily monitor and report on staking activities through BitGo’s familiar custody interface.
"BitGo’s integration is an important milestone for institutional liquid staking. By enabling native ETH staking using Lido directly through regulated custody, BitGo unlocks the full institutional value of stETH’s deep liquidity, providing institutions with a regulated and capital-efficient pathway to manage their digital asset strategies.” - Kean Gilbert, Head of Institutional Relations, Lido Ecosystem Foundation
This integration marks a significant step forward for institutional Ethereum adoption, offering a simpler way to participate in liquid staking, while enhancing capital efficiency and liquidity.
“Institutions shouldn’t have to choose between security and opportunity. With our Lido integration, BitGo is delivering both—giving clients the ability to stake ETH, stay liquid with stETH, and operate at scale, all within the infrastructure they already trust.” - Daniel Du, Senior Product Manager, BitGo
For more details or to begin staking ETH via BitGo, contact Lido Institutional.
About Lido Institutional
Lido Institutional represents a dedicated group of contributors focused on advocating for the use of Lido protocol’s open-source, liquid staking middleware by non-retail users. Lido middleware provides a way to participate in the blockchain network validation process and get staking rewards for this activity. With a mission to democratize staking, Lido middleware lets users connect with node operators and stake their digital assets without the need to individually maintain hardware. For further information, visit lido.fi/institutional
About BitGo
BitGo is the leading infrastructure provider of digital asset solutions, offering custody, wallets, staking, trading, financing and settlement out of regulated cold storage. Founded in 2013, BitGo is the first digital asset company to focus exclusively on serving institutional clients. BitGo is the world’s largest independent digital asset custodian with multiple regulated entities across the globe and over 2,000 clients across 90 countries. For more information, visit bitgo.com.