Anchorage Digital Opens Institutional Access to Frgmnt's Stablecoin and Staking Product
Anchorage Digital has opened institutional access to Frgmnt's fUSD and sfUSD through its existing custody infrastructure. This integration allows institutions to hold, mint, stake, unstake, and redeem fUSD without setting up a separate custody arrangement.
fUSD is minted against USDC, with the backing deployed across selected onchain lending markets to generate rewards for sfUSD holders. Institutions can now access Frgmnt's onchain lending and staking system through Anchorage Digital's custody infrastructure, keeping asset management within their existing operations.
Aurélien Roussel, CEO and co-founder of Frgmnt, stated that institutions should be able to access onchain financial products through infrastructure that meets their operational and custody requirements. Nathan McCauley, CEO and co-founder of Anchorage Digital, added that supporting Frgmnt gives clients another way to access onchain opportunities through trusted institutional infrastructure.