Anchorage Digital has revealed its newest self-custody wallet, Porto, which is aimed at serving institutional clients and ensuring secure asset management in the crypto sphere. The company made the announcement on its official social media account.
Porto, the self-custody wallet designed for institutions, proudly supports dYdX custody and staking. According to Anchorage Digital, Porto’s dYdX staking capability empowers users to secure and support the rapidly growing on-chain crypto derivatives market. The announcement was made by Charles d’Haussy, the CEO of dYdX Foundation.
Anchorage Digital’s latest self-custody wallet is specifically designed to cater to the expanding market of crypto derivatives. It offers exclusive staking capabilities for dYdX, a decentralized exchange that specializes in crypto derivatives. This feature aims to enable users to safely engage with the growing cryptocurrency market through secure staking.
The release of Porto is part of Anchorage Digital’s commitment to providing top-tier self-custody solutions and security. It allows institutions such as asset managers, venture capital firms, and various protocols to directly participate in protocol-scale activities like trading, voting, and staking. Porto incorporates Anchorage Digital’s reputable cryptographic architecture, utilizing FIPS-140-compliant hardware security modules (HSMs) to safeguard private keys. This layered approach eliminates single points of failure, thereby enhancing security.
In addition to supporting a wide range of tokens, including popular L1 networks like ETH and BTC, as well as newer tokens like SUI and APT, Porto offers a comprehensive package of Web3 operations. This extensive token compatibility enables institutions to securely self-custody various digital assets. The wallet also streamlines workflows by incorporating cutting-edge features such as allow listing, tamper-proof hardware, and hardware-enforced authentication.