Share this article
Cryptocurrency Custodian Anchorage Adds Five More DeFi Tokens
In a further sign of "institutional DeFi" momentum, the regulated custodian is adding 1INCH, BNT, CRV, REN and SUSHI.
By Ian Allison
Updated May 9, 2023, 3:19 a.m. Published May 14, 2021, 2:48 p.m.
Anchorage is adding five more decentralized finance (DeFi) tokens to its custody vaults, with a focus on decentralized exchanges (DEXs) and automated market makers (AMMs), the beating heart of DeFi.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Announced Friday, Anchorage, the first crypto custodian to win a U.S. federal banking charter, is adding support for DeFi tokens 1INCH, BNT, Curve Finance (CRV), REN and SushiSwap (SUSHI).
DeFi investment has grown at an explosive rate with the equivalent of more than $85 billion USD currently locked across Ethereum's DeFi ecosystem at the time of writing. Anchorage pointed out in a blog post that the DeFi universe had grown by more than nine times in value since Anchorage added support for Uniswap, Yearn and others late last year.
“In broad strokes, this is all based on client demand for these tokens,” Anchorage CEO Nathan McCauley said in an interview, adding:
“Sometimes it even surprises me how sophisticated people are and how much they're wanting to go into this. We do custody for the Bitwise DeFi Index, for example, and traditional hedge funds are coming in and wanting to buy these tokens and even to use these networks.”
Read more: DeFi Index Fund Is Bitwise’s Fastest Grower, With $32.5M in 2 Weeks: Hougan
Plus, the fast-moving experimental nature of DeFi means a firm like Anchorage has to do some serious tire-kicking before adding a project, McCauley said.
“In order to support these assets is to run them through a pretty comprehensive due-diligence asset support framework,” McCauley said. “It’s a condition of us having (a) federal bank charter.”
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Foundation behind restaking protocol EigenLayer plans bigger rewards for active users
An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.
What to know:
- The Eigen Foundation has unveiled a governance proposal aimed at ushering in new incentives for its EIGEN token, shifting the protocol’s reward strategy to prioritize productive network activity and fee generation.
- Under the plan, a newly formed Incentives Committee would manage token emissions, prioritizing participants who secure Actively Validated Services and expand the EigenCloud ecosystem.
- The proposal includes a fee model that channels revenue from AVS rewards and EigenCloud services back to EIGEN holders, potentially creating deflationary pressure as the ecosystem grows.
Top Stories
