Anchorage Digital is pleased to announce support for Liquid Collective’s Liquid Staked ETH (LsETH), providing institutions with a way to participate in ETH staking while maintaining access to liquidity.
Institutions—including VC firms, wealth and asset managers, protocols, and others—can participate in liquid staking using ETH held on the Anchorage Digital platform and receive LsETH, “a transferable liquid staking token (LST) that represents staked ETH plus network rewards, directly into their Anchorage Digital accounts.”
This integration reportedly makes Anchorage Digital Bank NA the first OCC-chartered, US-regulated bank to support participation in liquid staking, “opening a new door for institutions seeking access to participation in this category of ETH staking.”
In addition to Liquid Collective liquid staking token support and secure custody for LsETH, Anchorage Digital clients can “restake their LsETH on EigenLayer through the Anchorage Digital platform, unlocking all-in-one access for on-chain participation.”
Nathan McCauley, CEO and co-founder of Anchorage Digital said:
“Anchorage Digital is dedicated to providing institutions with access to industry-leading solutions, and we’re excited to expand our platform’s staking offering to include liquid staking participation. With LsETH, our clients gain a flexible staking option that allows them to access ETH staking rewards.”
LsETH allows stakers to access ETH network rewards while “retaining the flexibility to sell, transfer, or use their staked tokens.”
LsETH also auto-stakes ETH network rewards daily, “providing an enhanced solution for ETH staking.”
Anchorage Digital’s integration support for LsETH represents a “path for institutions to participate in the ETH staking ecosystem.”
As mentioned in the announcement, custody, settlement, staking, and governance services are offered via Anchorage Digital Bank National Association.
Digital asset trading services are provided by Anchorage Hold LLC.
A1 Ltd. is a principal trading business. Anchorage Services, LLC is “an NFA-registered introducing broker.”
For institutions participating in custody, staking, or governance with Anchorage’s Singapore entity, those services are offered through Anchorage Digital Singapore Pte Ltd.
Liquid Collective is the staking standard: designed to meet the needs of enterprises, built and supported by “a broad and dispersed collective” of industry professionals.
As covered, Anchorage Digital is a crypto platform that enables institutions to participate in digital assets via custody, staking, trading, governance, settlement, and the industry’s security infrastructure.
Home to Anchorage Digital Bank N.A., the “only” federally chartered crypto bank in the U.S., Anchorage Digital serves “institutions through Anchorage Digital Singapore, Porto by Anchorage Digital, and other offerings.”
The company is funded by institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation “over $3 billion.”
Established back in 2017 in San Francisco, California, Anchorage Digital reportedly has business offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota.