Diogo Mónica, Co-Founder and President
Institutions will be able to hold five more DeFi tokens in the security of the Anchorage platform: Aave (AAVE), Balancer (BAL), Nexus Mutual (NXM), Uniswap (UNI), and Yearn (YFI). With the equivalent of more than $9 Billion USD currently locked across the DeFi ecosystem at time of writing, there is a clear and demonstrable demand for the kinds of trustless, decentralized alternatives to services once only available from highly centralized industries and service providers. We’re proud to offer our clients the ability to enter positions in these emerging product spaces, and especially proud of our engineers’ ability to build support for new chains early and often.
“When it comes to DeFi’s potential — for opening access to financial tools, for improving transparency, and for disrupting industry incumbents — we’ve really only just scratched the surface. If the current wave of activity is any indication, the market itself is poised for huge growth in the coming years. We’re glad to see in Anchorage a continued commitment to supporting emerging protocols in the space.”
-W. Bradford Stephens, Co-Founder and Managing Partner, Blockchain Capital
Time and again, institutions active in the digital asset space expect to be able to gain exposure to promising new chains as soon as they go live. They don’t want to have to wait on support for their wish list of assets — nor do they want to make the inherently risky decision to self custody new and emerging tokens while support is being built. In crypto, as in traditional markets, speed is a huge competitive advantage. When a digital asset platform couples speed with industry-leading security architecture and a commitment to active on-chain participation, they become a real asset to client success, rather than an obstacle to it.
At Anchorage, we have long been proponents of DeFi, both in theory and in practice, with assets like Maker and Compound among our supported assets for some time now. We’re excited about the potential of the space and the myriad services and capabilities decentralized financial tools have yet to unlock.
As the DeFi ecosystem grows and evolves, we look forward to continuing to support our clients in accessing its many existing and emerging use cases. If you’re holding or plan to hold AAVE, BAL, NXM, UNI, and/or YFI, we’re here to help. To learn more about support for your assets of choice through Anchorage, please get in touch.
Disclaimer: Custody services are offered through Anchorage Trust Company, a South Dakota chartered trust company. Trading and collateral management services are offered through Anchorage Hold, LLC, a Delaware limited liability company. Anchorage Trust Company and Anchorage Hold are not registered with the SEC or any state securities authority. Services are not yet offered to residents of New York. Anchorage Trust Company does not engage in the offer, sale or trading of digital assets. Anchorage Hold does not engage in the offer, sale or trading of securities. Anchorage Trust Company and Anchorage Hold do not provide legal, tax, or investment advice. Services are provided only to clients that meet specified standards of sophistication and have entered into the applicable custody or trading agreements. Anchorage Trust Company and Anchorage Hold are wholly-owned subsidiaries of Anchor Labs, Inc., a Delaware corporation headquartered in San Francisco, California.
Holdings of cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrency, token, coin, or other crypto asset will be viable, liquid, or solvent. Nothing in this communication is intended to imply that any asset held in custody by Anchorage is low-risk or risk-free. Anchorage does not provide investment, legal, or tax advice. Digital assets held in custody are not guaranteed by Anchorage Trust Company or Anchorage Hold and are not FDIC-insured.