Crypto Custodian Aegis to Add Coverage of Lido’s Staked Token Derivatives

Crypto custodian Aegis will offer custody for liquid staking derivatives issued by DeFi protocol Lido.

Aegis, which says it holds trust license in Hong Kong and and the U.S., offers custodial services for on-chain transactions, while Lido, the largest decentralized finance (DeFi) app by total value locked, provides staking services to users that want to access liquidity to their staked assets.

The partnership comes as interest in liquid staking derivatives increases in part because of the Merge: Ethereum’s transition to a proof-of-stake (PoS) consensus mechanism.

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