Anchorage Partners with Frgmnt to Bring Institutional-Grade DeFi Access

Anchorage Digital Bank has partnered with Frgmnt to provide institutional clients with direct access to fUSD and sfUSD assets within its proprietary custody infrastructure.

The integration will enable qualified participants to hold, mint, settle, and execute staking mechanisms with fUSD without relying on external intermediary accounts.

Frgmnt is a decentralized finance protocol deployed on the Base Layer-2 network that issues synthetic asset fUSD backed by USDC collateral and routes those funds into various decentralized lending markets to generate on-chain yields.

Holders who lock their fUSD units receive sfUSD in return, which accrues rewards generated by these underlying credit strategies. Frgmnt's total value locked is approximately $100,000 as of September 11, with a reported yield of 13.32% APR as of September 4.

Anchorage Digital Bank operates under the supervision of the Office of the Comptroller of the Currency (OCC) in the United States and reached a valuation of $4.2 billion in February 2026.