Anchorage Digital integrates Liquid Collective's LsETH token, becoming first OCC-chartered bank to offer institutional liquid staking services.
Anchorage Digital, founded in 2017 in San Francisco, has integrated Liquid Collective’s LsETH token into its platform to enhance services for institutional clients. As the only federally chartered crypto bank in the United States, the company maintains high regulatory standards while providing custody, staking, trading, and other crypto services, strengthening their customer base’s trust.
Anchorage Digital has offices in New York, Porto, Singapore, and Sioux Falls. Major investors include Andreessen Horowitz, Goldman Sachs, KKR, and Visa. With these partnerships, they have been able to secure Series D funding, achieving a valuation of up to $3 billion.
LsETH, a pioneering product developed by Liquid Collective, introduces a novel approach to Ethereum staking, allowing institutions to stake their ETH while retaining liquidity. Traditional staking often requires locking assets for an extended period, limiting access to funds. With LsETH, institutions can hold a transferable liquid staking token that represents both their staked ETH $3 898 24h volatility: 0.9% Market cap: $469.42 B Vol. 24h: $57.81 B and any rewards earned from staking.
By incorporating LsETH into its offerings, the company empowers a wide range of institutional clients, including venture capital firms, wealth and asset managers, and protocols, to participate in ETH staking while maintaining flexibility.
Clients can securely hold their ETH on the Anchorage platform, receive LsETH tokens directly into their accounts, and manage their staking activities within a regulated and secure environment.
Anchorage Digital Bank N.A. has achieved a significant milestone by becoming the first OCC-chartered, U.S.-regulated bank to support liquid staking. This positions the platform as a pioneer in this emerging space. The strategic move expands the firm’s staking offerings and enhances client flexibility and access to ETH staking rewards.
Furthermore, Anchorage Digital clients can leverage EigenLayer, a platform that enables restaking of LsETH tokens, facilitating further participation in the Ethereum ecosystem. This seamless integration provides an all-in-one solution for engaging in on-chain activities, amplifying the utility of staked assets.
CEO Nathan McCauley states that Anchorage Digital focuses on top solutions for institutions. Adding liquid staking helps clients earn more while keeping their assets flexible. This initiative is also part of the broader plan of the company to expand its staking offerings. He stated:
“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. Anchorage Digital is proud to enable institutional access to liquid staking through our secure, regulated offering.”
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
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