Finoa Enables Custody Support of stETH
Lido Institutional contributors are pleased to announce that Finoa, a European digital asset custodian, has added support for Lido protocol’s Staked ETH (stETH) and Wrapped Staked ETH (wstETH), further enhancing the accessibility and security of liquid staking token custody for institutional clients.
What This Means for Institutional Users
Finoa’s addition of stETH to its custody offering marks an important milestone for institutional adoption of liquid staking. Institutions now have a regulated partner to store stETH, enabling seamless integration of Lido protocol’s liquid staking token into their investment strategies.
With Finoa’s custody services, institutions can:
- Safeguard stETH holdings: Benefit from compliant custody solutions tailored for institutional needs.
- Streamline operations: Access Finoa’s intuitive platform for efficient asset management.
- Unlock liquidity: Make use of stETH’s unique properties to maintain staking rewards while preserving flexibility of the staked amount.
Driving Institutional Adoption of stETH
The integration of stETH into Finoa’s custody suite is making liquid staking token custody accessible and practical for institutional users. By collaborating with regulated custodians like Finoa, institutions can participate in Ethereum liquid staking.
stETH has already gained significant traction among institutional users due to its ability to combine staking rewards with liquidity. With Finoa’s support, more institutions can now integrate stETH into their portfolios, unlocking new opportunities in decentralized finance.
Looking Ahead
As more institutions recognize the benefits of stETH, Lido Institutional contributors will continue to work with partners to expand access and support.
To learn more about Finoa’s custody services for stETH, visit Finoa’s website or for further information, please visit lido.fi/institutional.
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