Porto by Anchorage Digital Brings Institutional Self-Custody to On-chain Options Through Derive
Anchorage Digital is proud to announce support for Derive, the decentralized exchange pioneering capital-efficient on-chain options. Institutions trading on Derive can now secure their balances on Derive via Porto, our institutional self-custody wallet.
Derive is purpose-built for professional traders, offering portfolio margin, capital-efficient spreads, and multi-asset collateral, all on-chain. With Porto, Derive users can now sign and execute trades across its modular derivatives platform leveraging Anchorage Digital’s security architecture, eliminating the operational friction of legacy custody setups.
“Derive serves the most active institutional and retail on-chain option traders. Having Porto as a secure, self-custody option removes blockers and lets our users trade with confidence.”
— Nick Forster, CEO and Co-Founder of Derive
Institutional-grade self-custody for on-chain derivatives
With Porto, institutions can now:
- Set quorum-based approvals for depositing and withdrawing to and from Derive
- Define allowlisted smart contracts within Porto to restrict interactions to pre-approved counterparties and protocols
- Eliminate the need for hardware devices or browser extensions when interacting with Derive markets
Derive’s platform, trusted by some of the most sophisticated crypto funds, now connects with Porto’s simple, secure self-custody experience to unlock deeper institutional participation in the on-chain options ecosystem.
Access the next generation of DeFi securely
As usage of options and structured products in DeFi accelerates, Porto ensures that institutions can keep up without compromising on security or user experience.
Anticipating increasing demand, this collaboration between Derive and Porto enables institutions to be at the forefront of accessing secure solutions for on-chain options trading.
Learn more about Porto by Anchorage Digital here.
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 first 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 Bank also offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian. Anchorage Digital is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a valuation of $4.2 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.
