Anchorage Digital Adds Support for Liquid Ether Staking
Anchorage Digital yesterday announced that it has become the first federally chartered bank in the United States to support liquid Ether staking. This means that the cryptocurrency bank now supports Liquid Collective’s Liquid Staked ETH (LsETH), which is a liquid staking token that represents ETH staked on the Ethereum blockchain.
According to Anchorage Digital, they will be able to provide this service to institutional clients such as venture capital firms, wealth managers, and blockchain protocols directly through their Anchorage Digital accounts.
This integration makes Anchorage Digital Bank NA the first US-regulated bank to offer participation in liquid staking through the Options Clearing Corporation. The demand for institutional staking solutions is high, as ETF sponsors anticipate the potential approval of staking in US ETH ETFs.
In fact, on December 2nd, Bernstein Research predicted that staking yield could be featured in future US ETH ETFs under a more crypto-friendly Securities and Exchange Commission during the next presidential term.
