Anchorage adds DeFi capability for institutions with Uniswap wallet integration
Anchorage Digital has enhanced its Porto wallet by integrating Uniswap, providing institutional clients with direct access to decentralized finance (DeFi) swaps and liquidity. This development is designed to allow institutions to operate with the speed typical of crypto transactions without sacrificing security. CEO Nathan McCauley emphasized that this integration empowers institutions to engage in DeFi efficiently. The Porto wallet already serves clients such as Maple Finance and dYdX, alongside other firms like Blockdaemon and Fireblocks, enhancing the competitive landscape for institutional wallets. As of now, Uniswap boasts a total-value-locked (TVL) of $4.57 billion, underscoring its crucial role in the DeFi ecosystem. Institutional interest in DeFi is growing, particularly as regulatory clarity around digital assets improves, potentially providing institutions with faster transaction speeds and settlements. Overall, this integration marks a significant step in bridging traditional finance with the innovative capabilities of DeFi.
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