BlockBeats News, September 19, Digital asset financial service provider Hex Trust announced that it has integrated custody and staking support for Lido stETH (a liquid staking token issued through the Lido protocol). This integration combines Lido's liquid staking protocol with Hex Trust's institutional-grade custody platform.
This move aims to ensure that customers can securely earn staking rewards while maintaining liquidity, as stETH is used in decentralized finance (DeFi) applications. Additionally, this initiative also aims to eliminate the operational overhead for institutions managing their staking infrastructure.