Anchorage Digital has revealed its latest innovation in self-custody wallets. The new wallet, called Porto, is specifically designed to cater to institutional clients and enhance the secure management of assets in the crypto industry. The company made the announcement through its official social media account.
Porto, which is Anchorage Digital’s self-custody wallet for institutions, proudly supports dYdX custody and staking. According to the company, Porto’s dYdX staking capability empowers users to secure and support the rapidly growing on-chain crypto derivatives market. This development is seen as a significant move towards facilitating institutional clients in the crypto realm.
Anchorage Digital highlighted that its latest self-custody wallet is specifically designed to support the expanding market of crypto derivatives. The wallet reportedly offers exclusive staking capabilities for dYdX, a decentralized exchange that deals with crypto derivatives. This new feature aims to empower consumers to engage with the growing cryptocurrency market through secure staking.
The release of Porto is part of Anchorage Digital’s ongoing efforts to provide top-tier self-custody solutions and security. Institutions such as asset managers, venture capital entities, and diverse protocols can directly participate in protocol-scale actions like trading, voting, and staking. Porto incorporates Anchorage Digital’s well-known cryptographic architecture, utilizing FIPS-140-compliant hardware security modules (HSMs) that safeguard private keys. This layered approach eliminates single failure points and enhances security.
In addition to its advanced security features, Anchorage’s self-custody wallet also streamlines workflows with cutting-edge capabilities. Porto supports over 200 tokens, including popular L1 networks like ETH and BTC, as well as the latest tokens like SUI and APT. This wide token compatibility allows institutions to securely custody various digital assets. Alongside asset security, the wallet offers features such as allow listing, tamper-proof hardware, and hardware-enforced authentication to simplify and enhance workflows.
