Anchorage Digital opens institutional access to Frgmnt’s fUSD and sfUSD

Frgmnt has partnered with Anchorage Digital to give institutional clients access to its fUSD stablecoin and sfUSD staking product through Anchorage’s existing custody infrastructure. Summary Frgmnt has partnered with Anchorage Digital to give institutional clients access to fUSD and sfUSD through its custody infrastructure. Institutions will be able to hold, mint, stake, unstake and redeem fUSD without establishing a separate custody arrangement. fUSD is minted against USDC, with its backing deployed across selected onchain lending markets to generate rewards for sfUSD holders. Frgmnt said its next capped deposit wave is scheduled to open in September. In a press release shared with crypto.news, Frgmnt said institutions will be able to hold, mint, stake, unstake and redeem fUSD through Anchorage Digital, allowing clients to use the stablecoin without setting up a separate custody arrangement. The integration covers both fUSD and sfUSD, two assets operated by Frgmnt on Base. fUSD is minted against USDC, while holders can stake the token to receive sfUSD and earn rewards generated by the protocol’s underlying strategies. “Institutions should be able to access onchain financial products through infrastructure that meets their operational and custody requirements,” Frgmnt CEO and co-founder Aurélien Roussel said. Roussel said bringing the two assets into Anchorage Digital’s institutional environment would make Frgmnt accessible to funds, corporate treasuries and fintech companies already using institutional digital asset infrastructure. Anchorage Digital gives fUSD an institutional custody route Frgmnt deploys the USDC backing fUSD across selected onchain lending markets. Users who want exposure to the rewards generated by those strategies can stake their fUSD for sfUSD. The partnership puts those functions inside Anchorage Digital’s custody and operational environment, where institutional clients can manage the process alongside other digital assets. Anchorage Digital Bank N.A. operates under a federal charter and is regulated by the Office of the Comptroller of the Currency. Its platform provides services including custody, staking, trading and settlement. You might also like: Anchorage Digital unlocks Lido staking without leaving custody The company has expanded the range of onchain services available through its custody infrastructure this year. In July, Anchorage integrated Lido, allowing institutional clients to mint and burn wrapped staked Ether without moving assets outside its custody environment. Clients could access Ethereum staking rewards while retaining Anchorage’s custody, governance, reporting and settlement infrastructure. A separate July partnership connected Anchorage with Binance for off-exchange settlement. Institutional clients gained the ability to trade on Binance while pledged crypto and U.S. dollar collateral remained in segregated custody through Anchorage’s Atlas platform. For Frgmnt, the same custody model gives institutions a route into its onchain lending and staking system while keeping asset management within infrastructure they already use.