Federally regulated crypto bank Anchorage Digital said Thursday it has added support for Lido, Ethereum’s dominant liquid staking protocol.
Through the integration, institutional clients gain direct access to Lido's wrapped staked ETH token, wstETH, via Anchorage’s platform, the company said in a statement.
Anchorage clients can connect to the Lido dApp and mint and burn wstETH. In this manner, Anchorage users gain exposure to liquid Ethereum while simultaneously taking advantage of Anchorage's custody and governance controls, according to Thursday's statement.
"Liquid staking has become one of the most important building blocks for institutional participation in Ethereum," Anchorage co-founder and CEO Nathan McCauley said. "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."
Perhaps the added access to (wstETH) could bolster Lido revenues, which declined last year. In March, Lido said that in 2025 revenues fell over 20% as users withdrew funds and staking yields declined.
