Anchorage Digital Introduces Porto Self-Custody Wallet for Institutional Investors

Anchorage Digital has unveiled the latest self-custody wallet. As per Anchorage Digital, its new self-custody wallet Porto targets facilitating institutional clients as a noteworthy move for secure management of assets in the crypto realm. The platform took to its official social media account to disclose this project.

🔐 Porto, our self-custody wallet for institutions is proud to support @dYdX custody & staking.

“Porto’s dYdX staking capability empowers its users to secure and support the rapidly growing on-chain crypto derivatives market.”@charlesdhaussy @dydxfoundation pic.twitter.com/czenKCWVo3

— Anchorage Digital (@Anchorage) October 29, 2024

Anchorage Digital Presents Self-Custody Wallet ‘Porto’ that Supports a Vast Crypto-Derivative Market

Anchorage pointed out that its latest self-custody wallet supports the expanding market of crypto derivatives. It reportedly offers an exclusive staking capability for the top decentralized exchange dYdX that deals with crypto derivatives. This latest feature intends to strengthen consumers to engage with the growing cryptocurrency market via secure staking.

The release of Porto is the new endeavor of Anchorage Digital to offer top-tier self-custody solutions and security. Institutions like asset managers, venture capital entities, and diverse protocols can participate directly in protocol-scale actions like trading, voting, and staking. Porto integrates the well-known cryptographic architecture of Anchorage Digital, utilizing FIPS-140-compliant hardware security modules. These offline HSMs safeguard private keys. The respective layered approach eradicates single failure points to improve security.

The Self-Custody Wallet of Anchorage also Streamlines Workflows with Cutting-Edge Features

As Porto supports more than 200 tokens such as prominent L1 networks including $ETH, $BTC, and the latest tokens like $SUI, and $APT, it offers a complete package of Web3 operations. This wide token compatibility signifies that institutions can carry out self-custody of different digital assets. Apart from asset security, the wallet also streamlines workflows by using features such as allow listing, tamper-proof hardware, and hardware-enforced authentication.

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