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Anchorage Digital adds support for Lido liquid staking protocol

Anchorage Digital, a federally chartered U.S. crypto bank, has added support for Ethereum liquid staking protocol Lido. The integration gives institutional clients direct access on Anchorage’s platform to Lido’s wrapped staked ether token, wstETH. Clients can connect to Lido’s decentralised application to mint and burn wstETH, and can use Anchorage custody and governance controls. Anchorage’s CEO said the move addresses operational and security hurdles for large investors.