Anchorage Digital adds HYPE staking support through Figment partnership
Analysis
Price Impact
MedAnchorage digital, a federally chartered crypto bank, adding hype staking support through a partnership with figment provides institutional-grade access to hype's hypercore network. this increases the utility and institutional adoption potential for hype, which can positively influence its demand and price. however, hype is a relatively smaller cap asset, so the immediate market reaction might be moderate.
Trustworthiness
HighThe news comes from cointelegraph, a reputable crypto news source, and details a partnership involving anchorage digital, a regulated entity, and figment, a known staking provider. the announcement is direct and factual, pertaining to an expansion of services.
Price Direction
BullishInstitutional access to staking services for hype implies increased demand for the token from institutions seeking yield. this regulated entry point reduces barriers for larger capital, which is a strong bullish signal for the token's long-term value proposition and liquidity.
Time Effect
LongInstitutional adoption and staking typically have a longer-term impact as it involves integrating larger capital flows and building out regulated infrastructure. the full effect of institutional hype staking will likely unfold over months as more institutions onboard.
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Article Content:
Nate Kostar 4 minutes ago Anchorage Digital adds HYPE staking support through Figment partnership The integration gives institutions regulated access to HYPE staking on HyperCORE, extending Anchorage Digital’s custody and DeFi capabilities across Hyperliquid. Listen 0:00 55 News COINTELEGRAPH IN YOUR SOCIAL FEED Anchorage Digital has expanded its support for the Hyperliquid ecosystem by adding HYPE staking on HyperCORE, complementing its existing HYPE custody services on HyperEVM. Staking, the process of locking crypto to secure a blockchain network in exchange for earning rewards, is being offered through Anchorage Digital Bank and through Anchorage Digital Singapore, which holds a Major Payment Institution license. The company said staking will also be available through Porto, its self-custody wallet. The bank is partnering with staking infrastructure provider Figment to run the underlying validator infrastructure, it said in a Friday announcement . With custody and staking now live across HyperEVM and HyperCORE, the company said it can support a wider range of Hyperliquid activity, including access to its decentralized finance (DeFi) ecosystem through Porto and custody for additional HyperEVM tokens, such as Kinetiq. Hyperliquid, a layer 1 blockchain powering a decentralized exchange , uses its own architecture split between HyperEVM for Ethereum-style smart contracts and HyperCORE for native staking. The latest move from Anchorage Digital comes two days after it announced a partnership with Mezo , a DeFi platform for Bitcoin-backed borrowing. Anchorage Digital Bank, founded in 2017 and headquartered in San Francisco, is the only federally chartered crypto bank in the United States. It operates in conjunction with the broader Anchorage Digital platform. Related: Anchorage launches Starknet staking for institutions amid crypto yield demand Institutional DeFi gains momentum Anchorage Digital’s latest initiative reflects a wider trend of pulling DeFi infrastructure and yield-generating staking into institutional platforms, as more custodians and infrastructure providers begin offering controlled access to staking and other onchain services. In October, Crypto.com announced that users would be able to lend wrapped cryptocurrency and earn stablecoin yield through Morpho , a decentralized lending protocol. Morpho plans to launch stablecoin markets on the Cronos blockchain, with initial vaults expected to be launched this year. In September, Coinbase followed suit by adding support for Morpho directly inside the Coinbase app. The integration allows users to lend USDC ( USDC ) and earn up to 10.8% yield without navigating external DeFi platforms or separate wallets. In November, crypto infrastructure company Threshold upgraded its tBTC bridge to enable institutions to mint tBTC on supported chains in a single Bitcoin transaction, without requiring extra approvals or gas fees. The company said the changes are meant to make it easier for large Bitcoin ( BTC ) holders to deploy assets into DeFi protocols rather than keeping them idle. A report from Binance Research found that DeFi lending protocols have grown more than 72% from January to Sept. 3. The company said the surge is being driven by increased institutional use of stablecoins and tokenized real-world assets (RWAs). Magazine: Ethereum’s Fusaka fork explained for dummies: What the hell is PeerDAS? # Adoption # DeFi # Staking Add reaction