pSTAKE is excited to announce our latest partnership with Anchorage Digital, a regulated crypto platform providing institutions with integrated financial services and infrastructure solutions–they’re also the first crypto company to receive an operational national bank charter in the United States.
Through this collaboration, they’ll be providing institutions with the ability to securely have custody of our PSTAKE governance token.
Learn more about what this means for advancing our ecosystem and the benefits it will bring to Anchorage clients.
Secure PSTAKE Custody
Institutional participation in pSTAKE is pivotal in helping support the long-term growth and sustainability of our liquid staking ecosystem, further diversifying the number of participants involved. Anchorage will serve as the gateway to provide access to big institutional participants, allowing them to safely hold and have custody of PSTAKE.
Diogo Mónica, President and Co-Founder of Anchorage Digital, said, “Institutions are especially interested in participating in the Cosmos ecosystem, and Anchorage is mission-driven to give them access to the many staking protocols emerging, including pSTAKE.”
Anchorage support comes at a critical time in pSTAKE’s overall development, which will help accelerate our platform’s overall value proposition and move a step closer to providing a comprehensive liquid staking solution for our users and community.
Furthermore, it will enhance the value of the PSTAKE token and potentially encourage more holders for the long-term.
Tushar Aggarwal, Founder of Persistence One, said, “Anchorage has proved to be the industry-leading digital asset custodian, and we are delighted to partner with them to accelerate the next phase of growth for pSTAKE. Anchorage brings both security and a strong user experience, and we’re pleased institutions can now leverage pSTAKE’s liquid staking solution to maximize capital efficiency for their assets. A win-win for both ecosystems.”
Anchorage will help support pSTAKE through its industry-leading custodial solution, enabling institutional players to seamlessly plug into our platform and drive more participation in our ecosystem, all while safeguarding user funds to foster greater trust and confidence.
Our team looks forward to this collaboration and the opportunities that lie ahead.
About Anchorage Digital
Anchorage Digital is a regulated crypto platform that provides institutions with integrated financial services and infrastructure solutions. With the first federally chartered crypto bank in the US, Anchorage offers institutions an unparalleled combination of secure custody, regulatory compliance, product breadth, and client service. Founded in 2017, Anchorage is valued at over $3 billion with funding from leading institutions, including Andreessen Horowitz, GIC—Singapore’s sovereign wealth fund, Goldman Sachs, KKR, and Visa.
pSTAKE is a liquid staking protocol that unlocks liquidity for your staked assets. With pSTAKE, you can securely stake your Proof-of-Stake (PoS) assets, participate in protocol improvements and security to earn staking rewards, and receive staked underlying representative tokens (stkASSETs) which can be used to explore additional yield opportunities across DeFi.
At present, pSTAKE supports Binance Chain (BNB), Cosmos (ATOM), Persistence (XPRT), and Ethereum (ETH) networks’ native tokens, with a view to support more chains and assets in the future (SOL and AVAX).
Developed by Persistence
Persistence is a Tendermint-based, specialised Layer-1 network powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets. Persistence facilitates the issuance and deployment of liquid-staked stkASSETs, allowing users to earn staking rewards while participating in DeFi primitives, such as lending/borrowing and liquidity provisioning on DEXs.
Persistence aims to offer a seamless staking and DeFi experience for PoS (Proof-of-Stake) users and enable developers to build innovative applications around stkASSETs.
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