INSUBCONTINENT EXCLUSIVE:
Ether has significantly underperformed Bitcoin and other digital assets this market cycle, but growing institutional interest in Ethereum
staking is driving demand for custody solutions to support a wider range of investors, according to Kean Gilbert, head of institutional
The custody solutions are available for institutional investors in Dubai, United Arab Emirates, and Jersey, the autonomous self-governing
said.Tokens like stETH provide immediate liquidity and are compatible with qualified custodians like Komainu, Fireblocks and Copper, he
accelerated in recent months, marked by the launch of Lido v3, which features modular smart contracts designed to help institutions meet
regulatory compliance requirements.Gilbert told Cointelegraph that custody solutions are essential for certain institutions, such as asset
crypto-native firms, which are generally more comfortable managing crypto assets directly and are often willing to forgo third-party custody
are increasingly being used by both traditional and crypto-native institutions to gain exposure to Ethereum staking rewards without locking
(CeFi), and over-the-counter (OTC) markets.For these reasons, demand for staked Ethereum has grown considerably
Last week, Cointelegraph reported that the amount of Ether staked in the Beacon Chain reached a new all-time high.Staked ETH on the Beacon
Chain reached a record high of 34.7 million ETH on June 12
Source: Beaconcha.inMagazine: 3 reasons Ethereum could turn a corner: Kain Warwick, X Hall of Flame
