Liquid staking has become the second biggest DeFi vertical, but Asia-located institutions are not impressed, according to crypto custodian Hex_Trust. Reports thesamreynolds.
. But even as the category pushes toward the $15 billion mark in total value locked, institutions in Asia are giving it a pass, according to crypto custodian Hex Trust.
“Institutional clients have not really been interested in liquid staking of assets. The only interest we have seen in such assets is when clients or the public cannot have access to the native staking of a particular token,” David Cicoria, Head of Markets Technology, at the Asia-focused Hex Trust.
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