It is the first US bank to facilitate liquid Ether staking, and it is focusing on institutions.
Anchorage Digital has become the first United States federally chartered bank to support liquid Ether (ETH) staking, it said on Dec. 5.
The cryptocurrency bank has added support for Liquid Collective’s Liquid Staked ETH (LsETH), a liquid staking token (LST) representing ETH staked on the Ethereum blockchain, Anchorage Digital said.
It expects to service US institutions — including venture capital (VC) firms, wealth managers, and blockchain protocols — directly from their Anchorage Digital accounts, the bank explained.
