Anchorage Digital Bank to Custody Hyperliquid’s Native Token HYPE, Bringing Institutional-Grade Security to HyperEVM
Anchorage Digital, the global crypto platform for innovators and investors, today announced custody support for HYPE on HyperEVM. HYPE is the native token of the high-performance Hyperliquid blockchain. HyperEVM is the EVM environment integrated into the Hyperliquid blockchain, which allows developers to deploy general purpose smart contracts to directly access Hyperliquid's order books without requiring bridges or external price feeds.
This new feature expands Anchorage Digital’s support for the Hyperliquid ecosystem. Institutions can now hold HYPE on HyperEVM with Anchorage Digital Bank, the only federally regulated qualified custodian supporting the token, and with Anchorage Digital Singapore, a Major Payment Institution licensed by the Monetary Authority of Singapore. Anchorage Digital also supports Hyperliquid interactions through its institutional-grade self-custody wallet Porto, including buying and staking HYPE, and spot and perpetuals trading on Hyperliquid’s HyperCore.
In addition to HYPE custody and Porto smart contract interactions, Anchorage Digital has also established a scalable technical framework to support new ERC-20 tokens launching on HyperEVM, starting with kHYPE, the native liquid staking token of Kinetiq, on HyperEVM. This enables protocol teams to launch their assets with a trusted partner, and make them accessible to the world’s leading institutions from day one.
“There is clear institutional demand for access to innovative, high-performance DeFi ecosystems, and we’re proud to offer that trusted pathway to the Hyperliquid ecosystem,” said Nathan McCauley, CEO of Anchorage Digital. “Support for HYPE custody is only the beginning. We’re aiming to support the entire Hyperliquid ecosystem across our full suite of services, as well as supporting promising projects and new assets launching on Hyperliquid.”
Hyperliquid has gained traction for its fully onchain order book that rivals the speed of centralized exchanges. Its smart contract environment, HyperEVM, allows developers to build applications that leverage the platform's native liquidity and speed.
To learn more about institutional custody for HYPE, contact our sales team here.
If you are building on HyperEVM and are interested in our full range of protocol offerings to launch and scale your project with confidence, connect with our team.
About Anchorage Digital
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, stablecoin issuance, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. Anchorage Digital principal trading services offered through A1 Ltd. Anchorage Digital agency trading services offered to N.Y. clients exclusively through Anchorage Digital New York. Recently, through the enactment of GENIUS, Anchorage Digital Bank became the only U.S., federally regulated and GENIUS-compliant stablecoin issuer bank. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
