In Dubai and Jersey, on June 16, 2025, Komainu, a regulated digital asset custody provider, began offering custody support for Lido Staked ETH (stETH). This move caters to growing institutional interest in Ethereum staking, according to Kean Gilbert, head of institutional relations at the Lido Ecosystem Foundation.
Komainu's custody solutions are now available for institutional investors in Dubai, United Arab Emirates, and Jersey, the autonomous self-governing territory of the British Islands. stETH, Ethereum's largest staking token, accounts for 27% of all staked Ether (ETH).
This product provides a compliant path to accessing Ethereum staking yields. Gilbert noted that many asset managers, custodians, family offices, and crypto-native investment firms are actively exploring staking strategies. This contrasts with crypto-native firms, which are generally more comfortable managing crypto assets directly.
Institutions find liquid staking tokens like stETH useful because they directly address challenges related to capital lock-ups and complex custody arrangements. These tokens provide immediate liquidity and are compatible with qualified custodians like Komainu, Fireblocks, and Copper.
Last week, Cointelegraph reported that the amount of Ether staked in the Beacon Chain reached a new all-time high. Staked Ether tokens like stETH are increasingly being used by both traditional and crypto-native institutions to gain exposure to Ethereum staking rewards without locking up capital for long periods.