Anchorage Digital and Provenance Blockchain Announce HASH Staking Launch

Today, Anchorage Digital and the Provenance Blockchain Foundation announced the launch of staking of HASH tokens at Anchorage Digital. As a secure and regulated digital asset custodian with the nation’s first federally chartered operational digital asset bank, Anchorage Digital pleased to grant institutions greater ability to participate in the Provenance Blockchain network. Our clients will now be able to stake HASH and collect associated rewards for securing the network.

At Anchorage Digital, we have long believed that staking and custody are two sides of the same coin (or should I say, token). By enabling HASH holders to stake directly from Anchorage Digital’s safe and regulated custody, our continued partnership with the Provenance Blockchain Foundation paves the way for more meaningful participation in the crypto ecosystem.”

— Diogo Monica, Co-Founder and President of Anchorage Digital

We are delighted that HASH holders using Anchorage Digital for custody can now also stake their HASH on Provenance Blockchain and earn rewards as they contribute to the security of the network. This is an important step in broadening ownership and participation in HASH.”

— Morgan McKenney, CEO of the Provenance Blockchain Foundation

Provenance Blockchain is a leading blockchain for financial services, supporting over $10B in blockchain-native transactions and leveraged by more than 50 financial institutions. The blockchain is specifically built for financial service use cases, and is used across lending, mortgages, payments, and capital market management to more efficiently enable the entire digital asset cycle, from origination to financing, funding and trading. Provenance Blockchain’s native utility token, HASH, is used to pay transaction fees and enable governance, and is also available on OkCoin and dlob.io.

In March 2022, Provenance Blockchain selected Anchorage Digital as its institutional banking custodian for HASH token holdings and treasuries. Now, holders can also stake their HASH directly from Anchorage Digital custody.

We are proud to enable HASH staking to further our ongoing partnership with Provenance Blockchain Foundation, and look forward to continued work together that expands the possibilities of decentralized finance. Anchorage Digital also supports staking for a number of protocols.

If you’d like to learn more about staking HASH or other digital assets at Anchorage Digital, please get in touch.

About Anchorage Digital

Anchorage Digital is a regulated crypto platform that provides institutions with integrated financial services and infrastructure solutions. With the first operational federally chartered crypto bank in the U.S., Anchorage Digital offers institutions an unparalleled combination of secure custody, regulatory compliance, product breadth, and client service. Founded in 2017, Anchorage Digital is valued at over $3 billion with funding from leading institutions including Andreessen Horowitz, GIC — Singapore’s sovereign wealth fund, Goldman Sachs, KKR, and Visa. Headquartered in San Francisco, California, Anchorage Digital is remote-friendly with offices in New York, New York; Singapore; Porto, Portugal; and Sioux Falls, South Dakota. Learn more at anchorage.com, on Twitter @Anchorage, and on LinkedIn.

About Provenance Blockchain

Provenance Blockchain is built specifically for the financial services ecosystem. The world’s leading financial institutions, fintechs and asset managers use Provenance Blockchain to enable the entire digitally-native asset lifecycle: from origination to financing, funding and trading of digital assets. Provenance Blockchain is successfully transforming lending, securitization, payments and exchanges, supporting over $10 billion dollars in digitally-native transactions. Provenance Blockchain’s native utility token, HASH, is used to pay transaction fees and enable governance, and is available on OkCoin and dlob.io. Learn more at provenance.io, on Twitter @provenancefdn, and on LinkedIn.

Press Contacts:

Anchorage Digital

press@anchorage.com

Provenance Blockchain Foundation

Dan Garzia

dgarzia@provenance.io

This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store