Frgmnt Teams Up with Anchorage for Institutional Access to fUSD

Frgmnt, a company providing institutional access to on-chain finance products, has partnered with Anchorage Digital to simplify custody arrangements for its clients. Through this partnership, institutions can now mint, hold, stake, unstake, and redeem fUSD without needing separate custody arrangements.

The fUSD stablecoin is backed by USDC, which Frgmnt deploys into on-chain lending markets to generate rewards for sfUSD holders. This integration aims to simplify institutional access to on-chain finance products while maintaining security and operational standards.

Frgmnt plans to open its next capped deposit wave in September, expanding opportunities for institutional investors on Coinbase's Base network.