INSUBCONTINENT EXCLUSIVE:
Anchorage Digital is adding decentralized finance (DeFi) capabilities to its Porto wallet, enabling institutions to make swaps and access
liquidity through the product
The move brings another wallet option to institutional investors.The DeFi capability is made possible through a Uniswap integration
Other companies that have rolled out institutional wallets or platforms include Blockdaemon, Fireblocks, Consensys and Fordefi.Institutional
DeFi refers to the participation of regulated financial institutions such as banks, asset managers, and hedge funds in decentralized finance
ecosystems.This emerging sector typically combines the transparency and accessibility of DeFi protocols with the compliance, risk
management, and governance standards required by institutional players.According to DefiLlama, Uniswap has $4.57 billion in
total-value-locked (TVL), a common measure in DeFi that speaks to the health and liquidity of the ecosystem.Anchorage Digital, headquartered
in San Francisco, California, had a valuation of $3 billion in December 2021 when it raised $350 million from a bevy of investors, including
Andreessen Horowitz and Apollo Funds
BlackRock has partnered with Anchorage Digital for custody services.Related: Anchorage Digital buys Mountain Protocol, USDM stablecoin winds
downAccording to DefiLlama, the decentralized finance sector has seen ups and downs since June 2024, with capital locked across all chains
and protocols reaching $106 billion at this writing, down from $137 billion six months ago
DeFi TVL and other statistics
Source: DefiLlamaInstitutional interest in crypto has been on the rise as regulatory clarity for digital assets has increased around the
For institutions, DeFi can offer many benefits, including faster transaction speeds and settlements
Magazine: X Hall of Flame: DeFi will rise again after memecoins die down: Sasha Ivanov
