BitGo is excited to announce its collaboration with Liquid Collective, offering regulated custody for Liquid Staked Ethereum (LsETH) to BitGo Trust Company Inc. users.
What is LsETH?
LsETH, or Liquid Staked ETH, is a token generated when Ethereum (ETH) is staked through a Liquid Collective validator. It acts as a receipt for staked ETH, representing ownership of the staked ETH and any accrued network rewards, minus fees or penalties. LsETH is based on the Ethereum ERC-20 Token model, with a conversion rate that fluctuates to reflect the value of accrued rewards and penalties. This allows stakers to maintain liquidity and use their staked assets in decentralized finance.
Why the BitGo — Liquid Collective Relationship Matters
BitGo’s Liquid Collective integration allows BitGo Trust Company Inc. users and LsETH holders to securely custody LsETH, Liquid Collective’s receipt token representing ownership of staked ETH plus network rewards, with a leading, regulated, qualified custodian.
The collaboration expands BitGo’s custodial support into the rapidly-growing liquid staking market, which has grown to become one of the largest sectors of decentralized finance (DeFi) in the last year. As a Liquid Collective Custodian, BitGo will join the collective of leading web3 teams building and running the enterprise-grade protocol designed to meet the needs of institutions.
“We are elated that BitGo has joined Liquid Collective to offer LsETH custody. BitGo’s commitment to regulated custody and financial services aligns seamlessly with Liquid Collective’s vision for institutional-grade liquid staking,” said Mara Schmeidt, CEO of Alluvial, a team supporting Liquid Collective’s development. “BitGo’s robust infrastructure and emphasis on security make them an ideal partner in our mission to bring secure and compliant staking solutions to the forefront of the crypto industry. This collaboration marks a significant step forward in bridging traditional financial services with the innovative potential of web3 ecosystems.”
“BitGo is pleased to announce custody support for LsETH from Liquid Collective. This integration reflects our commitment to support the dynamic DeFi space while maintaining the highest standards of security and regulatory compliance, ensuring our clients have access to the most secure and scalable custody options in the market.” — Chen Fang, COO of BitGo
Get started today
On the BitGo platform, builders and investors can now custody LsETH. Rewards may vary with the network but still remain competitive with Ethereum’s layer one staking.
Interested in learning more about LsETH, or other BitGo services?
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About BitGo
BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of retail investors worldwide. For more information, visit www.bitgo.com.
©2025 BitGo, Inc. (collectively with its parent, affiliates, and subsidiaries, “BitGo”). All rights reserved. BitGo Bank & Trust, National Association (“BitGo Bank & Trust”) is a national trust bank chartered and regulated by the Office of the Comptroller of the Currency (OCC). BitGo Bank & Trust is a wholly-owned subsidiary of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, California. Other BitGo entities include BitGo, Inc. and BitGo Prime LLC, each of which is a separately operated affiliate of BitGo Bank & Trust.
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