Porto by Anchorage Digital: your wallet, our security

Anchorage Digital security, now in an institutional self-custody wallet
"Your wallet, our security"

Today we’re pleased to share full access to our new institutional self-custody wallet, Porto

Porto is an institutional self-custody wallet built with the security and technology Anchorage Digital is best known for, enabling full web3 access and seamless integration with the Anchorage Digital platform. 

This is self-custody the way it’s meant to be, enabling all institutions to buy, sell, trade, vote, and collect rewards for supported networks and tokens. Finally, institutions can perform web3 blockchain activities, without ever worrying about the security of their assets with the industry’s simplest self-custody setup and fast, same day onboarding.

What can you do with Porto?

  • Interact securely via an intuitive mobile app and web dashboard
  • Set up tailored policies and permissions across your organization, the same way you do with Anchorage Digital today
  • Perform any Ethereum smart contract interaction including for ERC-20s and ERC-721s
  • Connect to any Ethereum dApp through WalletConnect
  • Buy, sell, and hold all Ethereum tokens and NFTs across a broad spectrum of decentralized liquidity
  • Directly perform governance voting, trading, staking, and reward-claiming

Porto is portable, secure self-custody, putting Anchorage Digital security into a wallet for VCs, protocol builders, asset managers, and other institutions who want to leave behind the hardware wallets, hardware security tokens, and desktops without compromising security.

Solving the unpleasant reality

The prevalent institutional self-custody solutions today are built with tradeoffs that, for most institutions, just don’t work. We’ve heard from market participants and clients alike that:

  • Other solutions are difficult to manage
  • Other solutions keep keys online and are not fully secure
  • Other solutions tether you to a desk or hardware device, or 
  • Other solutions do not provide the reporting and flexibility required by institutions

Opportunities move too fast and time is too valuable to work this way. Institutions have long told us that they want Anchorage Digital security and user experience in a self-custody model to access the full range of on-chain activity. They want an on-the-go solution that doesn't tie them to a desktop or clunky additional pieces of hardware. For years, Anchorage Digital has provided the standard in custody technology that kept your assets safe while allowing you to innovate. Today, we're setting a new standard in self-custody with Porto.

Security, the Anchorage Digital way

We built Porto to be the most secure institutional self-custody wallet. Porto draws on the  industry-leading technology behind Anchorage Digital, a proven security model already protecting tens of billions of dollars in digital assets. Porto is built for any security-first institution with:

  • Hardware-enforced logic: Our industry-leading Hardware Security Modules (HSMs) strengthened with proprietary custom logic ensure only your organization can ever access your assets.
  • Tamper-proof hardware: Porto HSMs are tamper-resistant with FIPS 140-2 policy and proprietary high-depth private key security.
  • Biometric authentication: Porto uses neither passwords nor user names, both vulnerable to exploits, replacing them with superior and convenient biometric authentication. All approvals are biometrically authenticated, removing the need for carrying around additional hardware.
  • Custom Policies for quorum-based approvals: Porto offers institutional-grade custom policies and user permissions so that all sensitive operations meet your organization’s specifications, better protecting your institution from any single point of failure or operational errors.
  • Your keys, in your hands: As true self-custody, Porto gives you full access and easy backup of your key material with multiple layers of encryption that ensure no piece of backup material is sensitive on its own and no single person can ever decrypt them. Anchorage Digital can never create transactions, it’s up to your cryptographic instruction.
iPhone featuring Face ID icon. Abstract graphic on the right of image.

Easy and intuitive for institutions 

In addition to industry-leading security, Porto enables simple and intuitive workflows. Whether you are new to crypto or an industry expert, accessing and interacting with your digital assets has never been easier or safer than through Porto. With native app and web dashboards built for institutions, Porto provides multiple ways to view and manage your assets.

  • Access to every asset on your phone: Securely view, deposit, withdraw, and interact with smart contracts through the Porto app. Authenticate and biometrically approve transactions. 
  • Desktop access: If you prefer to transact on a computer, you can interact with your assets via the Porto web dashboard.
  • Human, readable transactions: Preview your transactions in a clear, readable format. Porto makes it easy for you and your institution to understand what you’re signing whether you’re withdrawing assets, performing smart contract interactions, or buying an NFT.
  • Trusted destinations and smart contracts: You can allowlist frequently-used wallet addresses and smart contracts to reduce manual errors and enhance risk management capabilities.
  • One day registration and onboarding: Your institution can register and get onboarded to Porto within one business day. You can add additional users whenever you like. 
  • Simplified user experience: Across all user interfaces, we have created a simple workflow including managing your organization, signing transactions, and managing smart contract interactions and dApp connections. 
  • Full integration with Anchorage Digital products: Use Porto for web3, and move assets easily to and from Anchorage Digital custody.
Headline: Easily send and receive assets. Three iPhones featuring product screenshots

Full access to web3 

Porto provides institutions the gateway they need to web3 neworks, assets, NFTs, and interactions.

  • Support for 200+ tokens: Porto enables self-custody for the most commonly used networks and tokens including APT, BTC, and SUI. Our roadmap includes adding multi-network smart contract capabilities for other assets such as Tendermint based assets, and various EVM L2 chains. Porto enables the ability to store and interact with both newly launched or small market cap protocols and tokens. 
  • All Ethereum Assets, dApps, and smart contract interactions: Porto supports all existing and future tokens that follow the Ethereum token standards, enables institutions to directly connect with Ethereum-based dApps, and perform any smart contract interactions on Ethereum.
iPhone with crypto asset icons

Streamlined asset recovery

Porto enables institutions to self-custody digital assets while removing single points of failure for scenarios including lost devices or full loss of access. Our proprietary workflows remove the need to connect with separate custodian services as other MPC implementations may require, instead providing secure, layered recovery documents that you can back up once and never have to access unless needed.

  • Lost devices: Porto enables admins to add and replace user or user devices in cases where there are changes in the organization or a member has lost their device to enable secure transaction signing.
  • Encrypted wallet keys: Porto gives clients full control of their assets and keys with a multi-encrypted wallet key backup at the time of wallet creation. This enables a quorum of admins to perform wallet key decryption and export their assets to another wallet solution if they choose, while keeping a consistent multipoint security model when they do not.
  • Loss of quorum: In edge case scenarios where an organization has lost ability to quorum approve transactions or have lost all devices, Porto provides original admins a recovery document when their organization is first set up so they can perform a full manual organization recovery process.

Finally, portable, secure access to web3, powered by Anchorage Digital is here, on your phone or desktop without the need for additional hardware or signing in multiple places. To start using Porto, visit porto.xyz or reach out to us directly at sales@porto.xyz to get started with same-day onboarding.

About Anchorage Digital

Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, 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, Porto by Anchorage Digital, and other offerings. 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.

Additional reading

Ex-Goldman Sachs Banking Leader Connie Shoemaker Joins Anchorage Digital Bank N.A. Board of Directors
Providing custody at scale and supporting prudent regulation at Anchorage Digital
Marking a Milestone: Anchorage Digital Bank Now Accepting USD Deposits in App
Anchorage Digital Adds Support for Native DYDX Staking
Introducing Atlas: The only crypto settlement network by a federally regulated custodian
Anchorage Digital Appoints Aaron Schnarch, Former CEO of Coinbase Custody, as Chief Operating Officer