Anchorage Digital has announced the addition of decentralized finance (DeFi) functionality to its Porto wallet, opening new opportunities for institutional investors.
Integration with Uniswap for DeFi
Anchorage Digital has integrated DeFi services through the Uniswap API, allowing institutional clients to make swaps and access liquidity. Nathan McCauley, CEO of the company, noted that this integration allows them to 'move at crypto-native speed without compromising security.'
Porto Wallet Clients and Their Market Importance
Clients of the Porto wallet include companies like Maple Finance, the Sui Foundation, and decentralized exchange dYdX. Several other companies have also emerged, offering institutional wallets and platforms, including Blockdaemon and Fireblocks.
Institutional Interest in DeFi
Institutional DeFi refers to the participation of regulated financial institutions in decentralized finance ecosystems. This sector offers increased transparency and accessibility, combining them with compliance and risk management standards for institutional players. According to DefiLlama, Uniswap has a total value locked of $4.57 billion.
The addition of DeFi functionalities to the Porto wallet signifies a growing interest among institutional investors in decentralized finance, which could lead to further developments in this sector.
