Anchorage Digital has partnered with stablecoin protocol Frgmnt to make the infrastructure behind fUSD and sfUSD available to institutional clients. Under the arrangement, clients can hold, mint, stake and redeem protocol-related assets inside Anchorage Digital’s existing custody environment, removing the need to set up a separate custody structure. Frgmnt issues both assets on Base. In its design, fUSD is minted with USDC and deployed into designated onchain lending markets, while users who stake fUSD receive sfUSD to earn rewards generated by the protocol’s strategy. Position and performance data can be tracked through Frgmnt’s analytics tool as well as Dune and DefiLlama. Anchorage Digital operates Anchorage Digital Bank, which it says is the first federally chartered crypto bank in the United States, providing custody, staking, trading and settlement services to institutional clients. Frgmnt also said protocol deposits will open in capped batches, with the next deposit window planned for September. The update was cited by Bitcoin.com News.
Anchorage Digital has entered into a partnership with stablecoin protocol Frgmnt to open access to fUSD and sfUSD infrastructure for institutional clients.
Institutional clients can use the assets within Anchorage’s existing custody setup
Under the partnership, clients can hold, mint, stake and redeem protocol-related assets inside Anchorage Digital’s existing custody environment, without establishing a separate custody arrangement.
How fUSD and sfUSD are structured on Base
Frgmnt issues the two assets on Base. fUSD is minted with USDC and deployed to designated onchain lending markets. Users who stake fUSD receive sfUSD, which is used to earn rewards generated by the protocol’s strategy.
Positions and performance metrics can be monitored through Frgmnt’s analytics tool, Dune and DefiLlama.
Anchorage Digital Bank and the deposit schedule
Anchorage Digital operates Anchorage Digital Bank, described as the first federally chartered crypto bank in the United States. The bank provides custody, staking, trading and settlement services for institutional clients.
Frgmnt said protocol deposits will be opened in capped batches, with the next round planned for September.
The report was cited by Bitcoin.com News.
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