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Digital asset custodian Hex Trust collaborates with Lido to provide institutional liquid staking and custodian services.
BlockBeats news, on September 19, digital asset financial service provider Hex Trust announced the integration of custody and staking support for Lido stETH (liquid staking token issued through the Lido protocol). This integration combines Lido's liquid staking protocol with Hex Trust's institutional-grade custody platform. The move aims to ensure that clients can safely obtain staking rewards while maintaining liquidity, as stETH can be used in Decentralized Finance (DeFi) applications. Furthermore, this initiative aims to eliminate the operational overhead for institutions managing their own staking infrastructure.