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Crypto custodian Aegis offers custody of liquid staking derivatives issued by DeFi protocol Lido.
Aegis, which claims to hold trust licenses in Hong Kong and the US, provides custody services for on-chain transactions, and Lido, the largest decentralized finance (DeFi) app by total locked value, stakes to users who want access. We provide you with the following services: Liquidity to staked assets.
The partnership comes amid growing interest in liquid staking derivatives, in part due to Merge: Ethereum’s move to a Proof of Stake (PoS) consensus mechanism.
read more: Ethereum’s Upcoming Shanghai Upgrade Powers Lido DAO, SWISE, RPL Tokens
Aegis end-to-end custody involves handling every aspect of a user’s digital asset management. This includes secure storage and fiat and virtual currency conversations. With the new Lido partnership, Aegis said it will now allow clients to participate in liquid staking.
Aegis CEO Serra Wei said the latest move stems from demand from family offices and regulatory-sensitive businesses at large.
“Regulated entities specifically want to access staking benefits and services through a secure gateway,” said Wei.
Furthermore, by offering Lido’s digital asset custody solution, Aegis will be able to enhance the security of its users’ digital assets, said Vasiliy Shapovalov, co-founder of Lido.
Aegis has not disclosed how much capital is stored through its custody service, but Lido holds $8 billion worth of Ether under its protocol.
read more: Crypto Custodian Aegis Trust Provides NFT with $25 Million in Insurance
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