Lido brings ETH staking to US clients of BitGo Bank & Trust

Institutional ETH staking in the US just got one fewer excuse. On October 7, 2026, BitGo Bank & Trust, N.A. announced that eligible US clients can stake Ether through Lido directly inside their existing BitGo accounts.

Clients stake ETH, receive stETH, and manage the whole position in one place.

How the BitGo and Lido setup works

Liquid staking means committing ETH to help secure the Ethereum network in exchange for rewards, while avoiding traditional lock-up periods. Lido issues stETH tokens that represent a staked position and can move around while the underlying ETH remains staked.

The new integration means BitGo’s US clients do not need to set up extra operational workflows or bring in additional counterparties. The staking, the stETH receipt, and the ongoing management all live within the BitGo platform they already use.

BitGo is positioned 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, framed the move as supplying the custodial backing institutions need to pursue Lido staking strategies. Nathan Stump, Managing Director at BitGo, emphasized that BitGo is keeping its robust controls in place while letting the service plug neatly into clients’ existing asset management infrastructure.

The numbers behind both players

BitGo’s custody platform safeguards over $100 billion in digital assets, of which $48 billion is designated as staked assets.

Lido manages over $25 billion in staked ETH, representing more than 25% of all staked ETH, making it the leading liquid staking protocol by market share.

Background: Europe and Asia went first

The US launch builds on an earlier rollout. BitGo first connected clients in Europe and Asia to Lido’s staking services in July 2025, giving both companies more than a year of operating history before extending the offer to US clients.

What this means for institutions and the staking market

The most direct impact falls on US institutions that already custody ETH with BitGo. They can now pursue staking yield through Lido without changing custodians or rebuilding their operational stack.

For Lido, the integration could help reinforce its position at the top of the liquid staking market. With more than 25% of staked ETH already flowing through the protocol, a regulated US distribution channel may widen that lead further.

Competitors in the custody space now have a clear benchmark. Being the first US qualified custodian to offer native ETH staking through Lido gives BitGo a talking point that rivals will likely want to neutralize.