Singapore — Institutional trading desk Caladan has officially added support for stETH as collateral on its OTC platform, allowing clients to post Ethereum’s leading liquid staking token for options, hedging, and capital rotation strategies. The integration was executed in collaboration with Lido Institutional. (Cover photo: @msjuliazhou, COO @caladanxyz)
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By bringing stETH—a yield-bearing, liquid version of staked ETH—into its trading stack, Caladan is giving institutions a way to unlock capital efficiency without sacrificing staking rewards.
“This is about unlocking new capital pathways. Instead of forcing institutional players to choose between yield and liquidity, we’re giving them both, as well as strategic optionality.”
Julia Zhou, COO of Caladan
stETH Collateral Brings Yield and Liquidity to Institutional Trading
Unlike idle fiat or stablecoins, stETH continues to generate staking rewards even while posted as collateral. This aligns with Caladan’s mission to offer capital-efficient tools that bridge DeFi and institutional finance.
“Caladan’s integration shows why institutions are increasingly turning to stETH. They gain access to market-leading liquidity, Ethereum staking rewards, and decentralized infrastructure—all key for strategically deploying ETH.”
Kean Gilbert, Head of Institutional Relations at the Lido Ecosystem Foundation
The move reflects growing interest from hedge funds, DAO treasuries, and crypto-native asset managers in holding stETH via Lido Institutional. These players benefit from ETH exposure without the complexities of running their own validators and can easily access liquidity across CeFi and DeFi markets.
With over $50 billion in annual trading volume, Caladan is helping to embed stETH deeper into the DeFi capital stack—making liquid staking a viable tool for sophisticated traders and portfolio managers.
