KEY FACTS: Anchorage Digital, the federally chartered digital asset bank, has expanded its support for the Hyperliquid ecosystem by introducing staking services for the native HYPE token through a strategic partnership with staking infrastructure provider Figment. This move allows institutional clients to earn rewards by staking HYPE on HyperCORE, the network's consensus layer, while complementing existing custody offerings for HYPE on HyperEVM. This Ethereum-compatible environment enables DeFi applications like lending and trading. Accessible via Anchorage's U.S. bank, its MAS-licensed Singapore entity, and the self-custody Porto wallet, the service caters to a wide range of users, including hedge funds and family offices. Hyperliquid, a high-performance Layer 1 blockchain focused on decentralized perpetual futures exchanges, benefits from this integration by enhancing network security and liquidity, aligning with broader industry trends such as recent DeFi collaborations by platforms like Crypto.com and Coinbase.
Source: Anchorage Digital
Anchorage Digital Launches Hyperliquid's HYPE Staking Supported by HyperEVM and HyperCORE
Anchorage Digital, the pioneering federally chartered digital asset bank, has announced the launch of staking services for HYPE, the native token of the innovative Hyperliquid network. This expansion builds on the company's existing custody offerings and is facilitated through a key partnership with Figment, a leading staking infrastructure provider. The development is another significant effort the growing convergence of traditional finance and decentralized finance (DeFi), as institutions seek secure, compliant ways to participate in high-yield blockchain activities.
Staking, a cornerstone of proof-of-stake blockchain networks, allows participants to lock up their tokens to help validate transactions and secure the network, earning rewards in return. For Hyperliquid users, this means an additional avenue to generate passive income while contributing to the platform's robustness. Anchorage Digital's new service will be accessible via its U.S.-based Anchorage Digital Bank and its Singapore arm, Anchorage Digital Singapore, which operates under a Major Payment Institution license from the Monetary Authority of Singapore (MAS). Furthermore, individual and institutional clients can leverage the company's self-custody solution, Porto, to manage their staking activities independently.
The announcement, detailed in an official blog post from Anchorage on Friday, November 21, 2025, highlights the technical backbone provided by Figment. As a validator infrastructure specialist, Figment will handle the operational heavy lifting, ensuring high uptime, security, and compliance standards that are critical for institutional-grade services.
This integration marks a comprehensive milestone for Anchorage's support of Hyperliquid. Previously, the firm had rolled out custody for HYPE tokens on HyperEVM, the Ethereum Virtual Machine-compatible layer of the network. Now, with staking enabled on HyperCORE (the dedicated staking and consensus layer), Anchorage positions itself as a one-stop shop for Hyperliquid participation. This dual-layer support opens doors to a broader spectrum of activities within the ecosystem, including seamless access to DeFi protocols through Porto's wallet interface. Clients can now also custody additional HyperEVM-based tokens, such as Kinetiq, expanding the utility for portfolio managers and traders alike.
Hyperliquid represents a next-generation Layer 1 blockchain designed to power a fully decentralized perpetual futures exchange. Launched with a focus on high-performance trading, the network employs a unique architectural split: HyperEVM facilitates the deployment of Ethereum-style smart contracts, enabling developers to build familiar DeFi applications like lending platforms and automated market makers. Meanwhile, HyperCORE handles the native staking mechanisms, optimizing for speed and efficiency in consensus processes. This bifurcation allows Hyperliquid to balance the demands of complex smart contract execution with the lightweight requirements of core network security, resulting in a platform that boasts sub-second transaction finality and low fees.
Anchorage's HYPE staking launch is coming just two days after the firm unveiled a collaboration with Mezo, a DeFi protocol specializing in low-cost Bitcoin-backed loans. That partnership aims to unlock institutional access to collateralized lending, allowing large holders of Bitcoin (BTC) to borrow against their assets without selling, thereby preserving upside potential in a volatile market. Together, these initiatives signal Anchorage's aggressive push into yield-generating DeFi primitives, catering to a clientele that includes hedge funds, family offices, and even traditional banks dipping their toes into crypto.
Founded in 2017 and headquartered in the heart of San Francisco's fintech scene, Anchorage Digital has long been at the forefront of regulated digital asset services. As the only federally chartered crypto bank in the United States, it operates under a stringent supervisory framework that rivals traditional banking institutions. This charter not only grants Anchorage the ability to custody assets but also to provide banking-like services such as lending and payments. The broader Anchorage Digital platform extends these capabilities globally, with entities like Anchorage Digital Singapore ensuring compliance in key Asian markets. Today, the firm safeguards billions in assets for over 100 institutional clients, including major venture capital firms and sovereign wealth funds.
This latest foray into Hyperliquid staking is part of a larger narrative reshaping the institutional crypto landscape. Over the past year, custodians and infrastructure providers have increasingly bridged the gap between Wall Street's risk-averse protocols and DeFi's high-reward opportunities. Anchorage itself has been proactive in this space; earlier this year, it introduced staking for Starknet, the Ethereum scaling solution, amid surging demand for crypto yields from institutions wary of idle holdings.
In October, Crypto.com made waves by integrating Morpho, a decentralized lending protocol, into its platform. This allows users to lend wrapped cryptocurrencies and earn yields in stablecoins directly on the Cronos blockchain, a move that simplifies DeFi entry for retail and institutional users alike. Morpho's initial stablecoin vaults are slated for launch imminently, promising competitive rates backed by over-collateralized loans.
Coinbase, the largest U.S. crypto exchange by trading volume, echoed this trend in September by embedding Morpho support within its app. Holders of USD Coin (USDC), the second-largest stablecoin by market cap, can now lend their assets to earn up to 10.8% APY without the friction of external wallets or gas fees. This integration has already seen millions in TVL (total value locked) flow into Morpho via Coinbase, illustrating the appeal of "DeFi-as-a-service" for mainstream adoption.
On the Bitcoin front, November brought upgrades from Threshold Network, a decentralized threshold cryptography project. The firm enhanced its tBTC bridge, enabling institutions to mint threshold Bitcoin (tBTC), a wrapped version of BTC compatible with DeFi, directly on supported chains with a single transaction. No additional approvals or Ethereum gas fees are required, a boon for large BTC holders looking to deploy capital into yield farms or liquidity pools rather than letting it sit dormant.
Meanwhile, a recent Binance Research report revealed that DeFi lending protocols experienced a staggering 72% growth in total value locked from January to September 3, 2025. Analysts attribute this surge to the rising institutional affinity for stablecoins and tokenized real-world assets (RWAs). Stablecoins like USDC and USDT now serve as the lifeblood of DeFi, offering predictable collateral for loans, while RWAs—such as tokenized Treasury bills or real estate, bring trillions in off-chain value on-chain.
Anchorage Digital's HYPE staking could catalyze further innovation within Hyperliquid. The network's perpetuals DEX already handles billions in monthly volume, rivaling centralized exchanges in liquidity. With institutional staking inflows, Hyperliquid may see enhanced network security, lower inflation through locked supply, and an influx of sophisticated liquidity providers. For Anchorage, it's a bet on Hyperliquid's long-term viability in a crowded L1 landscape dominated by Ethereum and Solana.
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