Anchorage Digital, a global crypto platform, has announced it will add support for HYPE staking through a partnership with Figment, a blockchain infrastructure and services provider. This move expands Anchorage Digital's support for the Hyperliquid ecosystem and provides institutions with a secure way to participate in the high-performance Hyperliquid blockchain.

HYPE is the native token of the Hyperliquid blockchain, which incorporates HyperEVM, an Ethereum Virtual Machine (EVM) environment. HyperEVM enables developers to deploy smart contracts that can directly access Hyperliquid's order books, eliminating the need for bridges or external price feeds.

Institutions can now custody HYPE on HyperEVM through Anchorage Digital Bank, a federally regulated qualified custodian, and Anchorage Digital Singapore, a Major Payment Institution licensed by the Monetary Authority of Singapore. Anchorage Digital also supports Hyperliquid interactions via its institutional-grade self-custody wallet, Porto, facilitating the buying and staking of HYPE, as well as spot and perpetuals trading on Hyperliquid's HyperCore.

In addition to HYPE custody and Porto smart contract interactions, Anchorage Digital has established a scalable technical framework to support new ERC-20 tokens launching on HyperEVM, starting with kHYPE, the native liquid staking token of Kinetiq. This framework allows protocol teams to launch their assets with a trusted partner and make them accessible to leading institutions from day one.

According to Nathan McCauley, CEO of Anchorage Digital, there is a clear institutional demand for access to innovative, high-performance DeFi ecosystems. Anchorage Digital aims to provide a trusted pathway to the Hyperliquid ecosystem and support its growth across its suite of services.

Hyperliquid has gained recognition for its fully on-chain order book, which rivals the speed of centralized exchanges. Anchorage Digital's support for HYPE custody and staking paves the way for institutional-grade DeFi and establishes a scalable framework for new assets launching on HyperEVM.

This partnership with Figment allows Anchorage Digital to offer its clients another avenue to actively participate in blockchain protocols. Figment's CEO, Lorien Gabel, stated that the partnership brings together best-in-class institutional staking and custody services, providing a seamless experience for token holders focused on the long-term growth and security of Proof of Stake blockchains.

Anchorage Digital provides institutions with integrated financial services and infrastructure solutions. These include trading, staking, custody, governance, settlement, and stablecoin issuance. Anchorage Digital is home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S..

Figment offers a complete staking solution for over 1,000 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders. They support over 40 protocols, including Ethereum, Solana, and Avalanche.