#VietnamCryptoPolicy ETH price slips, but institutions flock to Ethereum staking — Lido Exec
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 relations at the Lido Ecosystem Foundation.
On May 27, Komainu, a regulated digital asset custody provider, began offering custody support for Lido Staked ETH (stETH), which is Ethereum’s largest staking token, accounting for 27% of all staked Ether (ETH).
The custody solutions are available for institutional investors in Dubai, United Arab Emirates, and Jersey, the autonomous self-governing territory of the British Islands.
The product provided a compliant path to accessing Ethereum staking yields at a time when more institutional investors were diversifying into digital assets.
“Many asset managers, custodians, family offices and crypto-native investment firms are actively exploring staking strategies,” Gilbert told Cointelegraph in an interview.
At the same time, US exchange-traded fund issuers await regulatory clarity on launching Ethereum staking ETFs.
