Anchorage Digital Expands Institutional DeFi Offering with Hyperliquid HYPE Staking

Anchorage Digital, the federally chartered crypto bank, has significantly broadened its support for the Hyperliquid ecosystem, catering to growing institutional demand for DeFi and yield-generating services.

Key Highlights:

• Expanded Hyperliquid Support: Anchorage now offers HYPE staking on HyperCORE, complementing its existing HYPE custody services on HyperEVM.
• Staking Access:Staking services, which involve locking crypto to secure a network and earn rewards, are available through:
  • Anchorage Digital Bank (US).
  • Anchorage Digital Singapore (holds a Major Payment Institution license).
  • Porto, its self-custody wallet.
• Infrastructure Partnership: The bank is collaborating with staking infrastructure provider Figment to manage the underlying validator operations.
• Wider DeFi Access: With both custody and staking live on HyperEVM and HyperCORE, Anchorage can support a broader range of Hyperliquid activities, including access to its DeFi ecosystem and custody for tokens like Kinetiq.
• Hyperliquid Architecture: Hyperliquid is a Layer 1 blockchain powering a decentralized exchange, utilizing HyperEVM for Ethereum smart contracts and HyperCORE for native staking.
• Growing Institutional Trend:This move underscores the broader trend of institutional platforms integrating DeFi infrastructure. Other recent examples include:
  • Crypto.com and Coinbase adding support for the Morpho decentralized lending protocol to offer stablecoin yield.
  • Threshold upgrading its tBTC bridge to ease the deployment of large Bitcoin holdings into DeFi.

Anchorage Digital’s initiative reflects a surge in institutional engagement with DeFi lending protocols, fueled by increased use of stablecoins and tokenized Real-World Assets (RWAs). This follows Anchorage’s recent partnership with Mezo, a Bitcoin-backed borrowing platform.