Anchorage Digital Adds Hype Staking Support Through Figment...
The integration gives institutions regulated access to HYPE staking on HyperCORE, extending Anchorage Digital’s custody and DeFi capabilities across Hyperliquid.
Anchorage Digital has expanded its support for the Hyperliquid ecosystem by adding HYPE staking on HyperCORE, complementing its existing HYPE custody services on HyperEVM.
Staking, the process of locking crypto to secure a blockchain network in exchange for earning rewards, is being offered through Anchorage Digital Bank and through Anchorage Digital Singapore, which holds a Major Payment Institution license. The company said staking will also be available through Porto, its self-custody wallet.
The bank is partnering with staking infrastructure provider Figment to run the underlying validator infrastructure, it said in a Friday announcement.
With custody and staking now live across HyperEVM and HyperCORE, the company said it can support a wider range of Hyperliquid activity, including access to its decentralized finance (DeFi) ecosystem through Porto and custody for additional HyperEVM tokens, such as Kinetiq.
Hyperliquid, a layer 1 blockchain powering a decentralized exchange, uses its own architecture split between HyperEVM for Ethereum-style smart contracts and HyperCORE for native staking.
The latest move from Anchorage Digital comes two days after it announced a partnership with Mezo, a DeFi platform for Bitcoin-backed borrowing.
Anchorage Digital Bank, founded in 2017 and headquartered in San Francisco, is the only federally chartered crypto bank in the United States. It operates in conjunction with the broader Anchorage Digital platform.
Related: Anchorage launches Starknet staking for institutions amid crypto yield demand
Anchorage Digital’s latest initiative reflects a wider trend of pulling DeFi infrastructure and yield-generating staking into institutional platforms, as more custodians and infrastructure providers begin offering controlled access to staking and other onchain services.
Source: CoinTelegraph
