Anchorage Digital has integrated Puffer Finance to give institutional clients access to Ethereum liquid restaking through its crypto custody platform.
The integration allows institutions to stake Ether held in Anchorage custody and receive Puffer’s liquid restaking token pufETH, which represents a restaked ETH position that can be transferred or used across onchain applications while earning staking and restaking rewards.
Clients can participate in restaking without operating validators or managing staking infrastructure, allowing them to access yield strategies while keeping assets within Anchorage’s custody and governance framework.
Anchorage said the integration expands its institutional onchain services, which already include staking, governance participation and blockchain settlement capabilities.
Anchorage Digital is headquartered in San Francisco and operates the first federally chartered crypto bank in the United States.
Restaking allows already staked Ether to be reused to secure additional decentralised services while generating extra rewards, creating a growing sector within the Ethereum ecosystem.
According to DefiLlama data, liquid restaking protocols collectively hold around $7.2 billion in total value locked, with ether.fi leading the sector while Puffer Finance currently manages about $62 million in restaked Ether.
At the time of reporting, Ethereum price was $2,126.79.