Anchorage Digital connects with Lido to provide institutions with a compliant channel for wstETH

According to The Block, crypto bank Anchorage Digital announced that it has integrated Lido, the largest liquid staking protocol for Ethereum, providing institutional clients with direct access to its derivative asset wstETH.

Institutional users can mint and burn wstETH, while earning Ethereum staking rewards, combined with the custody and governance compliance framework provided by Anchorage.