Anchorage Digital has announced the launch of its latest self-custody wallet, named Porto. Designed specifically for institutional clients, this new wallet aims to enhance the secure management of assets within the cryptocurrency sector. The company shared details about this innovative project on its official social media channels.
? Porto, our self-custody wallet for institutions, proudly supports @dYdX custody & staking.
“Porto’s dYdX staking capability empowers its users to secure and support the rapidly growing on-chain crypto derivatives market.”
@charlesdhaussy
@dydxfoundation
pic.twitter.com/czenKCWVo3
— Anchorage Digital (@Anchorage)
October 29, 2024
Anchorage Digital Introduces Porto: A Self-Custody Wallet Tailored for the Expanding Crypto-Derivative Market
Anchorage emphasized that its newly introduced self-custody wallet, Porto, is designed to cater to the burgeoning market for crypto derivatives. Notably, the wallet includes a unique staking feature for dYdX, a leading decentralized exchange specializing in crypto derivatives. This addition is aimed at empowering users to engage safely with the evolving cryptocurrency landscape through secure staking options.
The launch of Porto marks a significant step for Anchorage Digital in providing exceptional self-custody solutions and enhanced security. Institutions such as asset managers, venture capital firms, and various protocols can now participate directly in large-scale actions like trading, voting, and staking. Porto leverages Anchorage Digital’s renowned cryptographic framework, employing FIPS-140-compliant hardware security modules (HSMs). These offline HSMs are designed to protect private keys, while a multi-layered approach minimizes single points of failure, thereby bolstering security.
Anchorage’s Self-Custody Wallet Also Enhances Workflow Efficiency with Advanced Features
Porto supports over 200 tokens, including major Layer 1 networks like $ETH and $BTC, as well as the latest additions such as $SUI and $APT. This extensive token compatibility ensures that institutions can effectively manage a diverse array of digital assets through self-custody. In addition to safeguarding assets, the wallet enhances operational efficiency with features like allow listing, tamper-proof hardware, and hardware-enforced authentication.