Anchorage Digital, a federally chartered crypto bank, has announced it will provide custody services for Hyperliquid’s native HYPE token, ensuring institutional-grade security for assets on HyperEVM. Hyperliquid, a decentralized futures exchange, has surpassed $6 billion in assets under management (AUM), as reported by Wu Blockchain on X, citing Dune Analytics data.
Anchorage Digital, as the only U.S. federally chartered crypto bank, brings institutional-grade security through features like biometric authentication, offline private key storage, and multi-party computation (MPC). This reduces risks like hacks or key mismanagement, making HYPE more appealing to institutional investors who prioritize regulatory compliance and security.
Anchorage’s compliance with U.S. federal regulations and Singapore’s Monetary Authority standards signals to institutions that HYPE is a viable asset for portfolios, potentially increasing institutional capital inflows. This is critical as institutions often require custodians to meet stringent regulatory standards before engaging with a token.
Register for Tekedia Mini-MBA edition 19 (Feb 9 – May 2, 2026): big discounts for early bird.
Tekedia AI in Business Masterclass opens registrations.
Join Tekedia Capital Syndicate and co-invest in great global startups.
Register for Tekedia AI Lab: From Technical Design to Deployment (next edition begins Jan 24 2026).
Anchorage’s support extends beyond HYPE to include new ERC-20 tokens on HyperEVM, such as kHYPE. This creates a trusted pathway for institutional participation in Hyperliquid’s ecosystem, encouraging developers to launch projects with confidence that custody solutions are in place.
By providing custody, Anchorage enables institutions to hold and trade HYPE securely, potentially boosting liquidity on Hyperliquid’s decentralized exchange. Higher liquidity can stabilize HYPE’s price and attract more traders, as seen with Hyperliquid’s $760M DEX volume.
The partnership with a reputable custodian like Anchorage signals Hyperliquid’s maturity, potentially reducing volatility driven by retail speculation and fostering long-term price stability. Posts on X highlight HYPE’s strong fundamentals, such as its $1B annualized assistance fund purchases, which could be amplified by institutional backing.
Anchorage’s custody support for HyperEVM assets could drive the creation and adoption of new tokens, increasing Hyperliquid’s total value locked (TVL), currently at $1.99B, and further solidifying its position as a leading DeFi platform.
Anchorage’s platform, including its Porto wallet, supports HYPE staking, trading, and interactions with Hyperliquid’s HyperCore. This allows institutions to engage in spot and perpetuals trading without needing complex integrations, lowering barriers to entry.
Anchorage’s ability to custody both digital assets and fiat (via FDIC-insured sub-custodians) simplifies operations for institutions, enabling seamless deposits and withdrawals. This could accelerate HYPE’s integration into traditional finance workflows.
While Anchorage’s compliance strengthens HYPE’s legitimacy, evolving cryptocurrency regulations could pose challenges. Stricter rules on custody or DeFi platforms might increase compliance costs or limit Hyperliquid’s operational flexibility, potentially affecting HYPE’s long-term viability.
Anchorage’s involvement bridges DeFi and traditional finance, aligning Hyperliquid with the growing trend of institutional adoption seen in partnerships like BlackRock’s with Anchorage for its BUIDL fund and crypto ETFs. This could position Hyperliquid as a preferred platform for institutional DeFi, competing with chains like Sui and Avalanche, which have similar TVL but lower DEX volume.
By supporting HYPE and future HyperEVM tokens, Anchorage creates a scalable custody framework that could attract developers to build on Hyperliquid. This could lead to an influx of new DeFi protocols, increasing AUM beyond the current $6B and enhancing Hyperliquid’s competitive edge.
The availability of custody for kHYPE (Kinetiq’s liquid staking token) suggests Anchorage’s commitment to Hyperliquid’s ecosystem, potentially driving innovation in areas like staking and tokenized assets.
As custody becomes a standard expectation, Hyperliquid must maintain its edge through performance (e.g., low-latency trading) and innovation to differentiate from competitors like Coinbase Custody or Fireblocks. However, regulatory uncertainties and custody risks remain challenges that could influence market dynamics.
By leveraging Anchorage’s secure and compliant infrastructure, Hyperliquid is well-positioned to navigate these challenges and lead the institutionalization of DeFi, potentially reshaping the tides of decentralized finance toward greater mainstream adoption.