Key Highlights
- BitGo Bank & Trust has enabled Lido ETH staking for eligible U.S. clients.
- Clients can stake ETH through BitGo, receive stETH, and hold the token through the custody platform.
- Eligible clients can redeem stETH for ETH through BitGo.
BitGo Bank & Trust has expanded Lido ETH staking to eligible U.S. clients, allowing institutions that already hold ETH with the custodian to stake through Lido and manage the resulting stETH through BitGo.
Lido announced the expansion on October 7, saying eligible clients can stake ETH, receive stETH, and redeem the token for ETH through the platform. BitGo first integrated Lido staking into its custody platform for clients in Europe and Asia in July 2025.
BitGo extends Lido staking to U.S. clients
BitGo confirmed the expansion in an October 7 post on X, saying U.S. clients can now access native ETH staking through Lido.
“Big news for institutions: BitGo Bank & Trust is extending native ETH staking via Lido to its US clients,” BitGo said. The company added that institutions can stake ETH, hold stETH, and redeem the token through its custody platform.
The BitGo post was published alongside Lido’s announcement that eligible clients can access the service through their existing BitGo accounts.
What U.S. clients can do
Eligible U.S. institutional clients holding ETH with BitGo can use the integration to:
- Stake ETH through BitGo and receive stETH.
- Hold and monitor stETH through the platform.
- Redeem stETH for ETH.
The companies have not disclosed the number of eligible U.S. clients or the amount of ETH expected to be staked through the service.
Institutional staking depends on custody support
Nathan Stump, Managing Director and Head of Ecosystem Sales at BitGo, said the integration is intended to allow institutional clients to stake digital assets without adding separate operational processes.
“Institutional clients want to put their digital assets to work without introducing unnecessary operational complexity,” Stump said. He added that clients can stake ETH and manage the resulting stETH through BitGo while continuing to use its custody infrastructure.
Kean Gilbert, Head of Institutional Relations at the Lido Ecosystem Foundation, said institutional staking strategies depend in part on whether a custodian supports the service.
“A staking strategy can make sense on paper, but an institution needs its custodian to support it,” Gilbert said. He added that U.S. clients holding ETH with BitGo can now access Lido staking through the custodian.
BitGo added as custodian for Grayscale’s HYPE ETF
The Lido expansion follows a separate BitGo custody arrangement involving Grayscale.
On October 6, Grayscale added BitGo Bank & Trust as a custodian for its Hyperliquid Staking ETF, updating the fund’s custody arrangements as it holds and stakes HYPE.
The Grayscale arrangement involves HYPE and Hyperliquid, while the Lido integration covers ETH and stETH. The two developments involve separate products and staking arrangements.
What the integration adds for stETH
Lido allows users to stake ETH and receive stETH, a token representing staked ETH and associated staking rewards, subject to the protocol’s mechanism and applicable conditions.
Under the BitGo integration, eligible clients can hold and monitor the resulting stETH through the platform and redeem it for ETH.
The announcement specifically covers staking, custody, monitoring, and redemption. It does not state that the service provides additional lending, trading, or collateral functionality.
The companies have not disclosed the expected amount of ETH to be staked through the U.S. service.
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