Lido Offers ETH Staking to BitGo Bank & Trust US Clients

BitGo Enables Direct ETH Staking for US Clients via Lido Integration

BitGo Bank & Trust, N.A. has announced a significant development for institutional investors in the United States, enabling eligible clients to stake Ether (ETH) directly through the Lido protocol within their existing BitGo accounts. The announcement, made on October 7, 2026, removes a key barrier for institutions looking to participate in Ethereum’s staking rewards.

Clients will now be able to stake their ETH, receive liquid staking derivative tokens (stETH), and manage their entire position from a single, integrated platform. Liquid staking allows users to commit ETH to secure the Ethereum network and earn rewards without the traditional lock-up periods associated with direct staking. Lido issues stETH tokens, which represent a staked ETH position and can be traded or utilized elsewhere while the underlying ETH remains staked.

This new integration streamlines the process for BitGo’s US clients, eliminating the need for additional operational workflows or the onboarding of new counterparties. All staking activities, stETH receipt, and ongoing management will now be handled seamlessly within the BitGo platform. BitGo is positioning itself as the first US-based qualified custodian to offer native ETH staking through Lido.

Kean Gilbert, Head of Institutional Relations at the Lido Ecosystem Foundation, stated that the move provides the essential custodial support that institutions require to engage with Lido’s staking strategies. Nathan Stump, Managing Director at BitGo, highlighted that the company is maintaining its stringent security controls while ensuring the service integrates smoothly into clients’ existing asset management infrastructure.

BitGo’s custody platform currently secures over $100 billion in digital assets, with $48 billion designated as staked assets. Lido, a leading liquid staking protocol by market share, manages over $25 billion in staked ETH, representing more than 25% of all staked ETH.

The US launch follows an earlier expansion, with BitGo having connected clients in Europe and Asia to Lido’s staking services in July 2025. This prior rollout provided both companies with over a year of operational experience before extending the offering to the US market.

The most immediate beneficiaries are US institutions already utilizing BitGo for ETH custody, as they can now access staking yields via Lido without needing to switch custodians or overhaul their operational systems. For Lido, this integration is expected to solidify its dominant position in the liquid staking market, potentially expanding its lead through a regulated US distribution channel.

The move also sets a new benchmark for competitors in the custody sector. By becoming the first US qualified custodian to offer native ETH staking through Lido, BitGo has established a competitive advantage that rivals will likely seek to address.