Cryptodian Hex Trust has integrated the custody and strike support for Steth, the liquid expanded by Lido that represents nearly a quarter of all Ether deployed.
The relocation enables institutional customers to use ETH and manage Steth directly from the HEX Trust guardianship platform, whereby combining rewards with safe, regulated infrastructure. Institutional investors are often confronted with barriers when entering into deployment, such as operational complexity and counterpartic risks, Hex Trust said.
The debt function of the guardianship company removes these obstacles, giving customers access to rewards and decentralized finances (Defi) liquidity instruments without setting up their own infrastructure, according to a press release. Steth holders can also use their tokens in decentralized finances, including loans, collateral and repairing strategies.
“For institutional investors, efficiency and security are not only preferences – they are not only supplies,” said Calvin Shen, Chief Commercial Officer at Hex Trust. “Our solution offers that critical combination.”
The integration reflects a broader shift in Crypto markets where Settings Safe Paths require for decentralized financing. By combining custody and the expansion within one platform, Hex Trust positions itself as a bridge for traditional investors looking for exposure to Ethereum’s deployment economy.
Customers now have access to the new services via the Hex Trust platform.
