Ethereum’s stETH Gains Institutional Traction as Caladan Adopts It for OTC Collateral

In a significant development for institutional cryptocurrency adoption, Caladan has integrated stETH, Ethereum's liquid staking token, as collateral on its OTC platform. This move, supported by Lido Institutional, marks a pivotal step in bridging decentralized finance with traditional institutional infrastructure. The integration enables professional market participants to utilize stETH for options execution, risk management, and capital efficiency strategies, potentially boosting Ethereum's utility and value in the institutional space. As of August 2025, this collaboration highlights the growing confidence in Ethereum's ecosystem and its potential to reshape institutional finance.

Caladan Integrates stETH as Collateral on OTC Platform via Lido Institutional

Institutional trading desk Caladan has expanded its over-the-counter (OTC) platform's capabilities by enabling stETH as collateral, supported by Lido Institutional. This integration allows professional market participants to leverage Ethereum's liquid staking token for options execution, risk management, and capital efficiency strategies.

The MOVE bridges decentralized finance with institutional infrastructure, offering yield-generating collateral without sacrificing liquidity. "This unlocks new capital pathways," said Julia Zhou, COO of Caladan. Institutions can now maintain ETH exposure while avoiding validator management burdens and accessing deep liquidity across markets.

The integration reflects growing institutional demand for stETH through Lido, particularly among crypto-native funds and DAO treasuries. Caladan's platform now provides a compelling alternative to traditional fiat or stablecoin collateral.

SharpLink Generates $3 Million in Staking Rewards as Ethereum Holdings Surge

SharpLink has amassed $3 million in staking rewards from its 438,190 Ethereum holdings, according to a July 29 update. The firm Leveraged staking yields and equity issuance to expand its ETH treasury, earning 722 ETH ($2.7 million) from staking alone last week.

An additional 77,210 ETH ($295 million) was acquired, bringing SharpLink's total reserves to 438,190 ETH—valued at $1.687 billion at current prices. The company is now 44% closer to its ambitious target of holding one million ETH.

Unrealized gains stand at $400 million, reflecting the success of its dollar-cost-averaging strategy. Ethereum's price resilience continues to reward institutional accumulators.