Anchorage Digital, a U.S.-regulated cryptocurrency custody firm, has partnered with Hashnote, a digital asset manager supported by trading giants Cumberland and DRW, to offer clients the opportunity to earn yields of up to 40%. This collaboration, known as Hashnote Harbor, utilizes a range of derivative strategies to generate returns without the need for the underlying assets to leave the custody of Anchorage Digital.
Participants in this partnership can also request customized structures to target specific yields or create bespoke hedges for their assets, providing a flexible and tailored approach to digital asset investments. The aim is to attract institutional investors seeking yield-generating options in the digital asset space with reduced credit, custodial, or protocol risk.
Nathan McCauley, co-founder of Anchorage, highlighted the benefits of bringing elements of traditional finance into the crypto ecosystem, combining decentralization with widespread asset adoption. He emphasized the importance of leveraging the knowledge and insights gained from traditional capital markets to create a robust and secure environment for digital asset investments.
Both Anchorage and Hashnote have strong regulatory profiles in the United States, with Anchorage holding a federal bank charter from the Office of Comptroller of the Currency (OCC) and Hashnote being registered with the Commodity Futures Trading Commission (CFTC) as a Commodity Pool Operator (CPO). This regulatory framework ensures compliance and oversight in the digital asset space, providing investors with confidence and security.
McCauley also discussed the unique regulatory landscape in the U.S., highlighting the decentralized nature of decision-making and the variety of approaches taken in different sectors, such as policing, elections, and banking. This diversity reflects the ethos of decentralization inherent in the crypto industry and underscores the beauty of having multiple solutions to complex challenges.
Overall, the partnership between Anchorage Digital and Hashnote represents a significant step forward in the evolution of digital asset investments, offering institutional investors innovative ways to generate yields while mitigating risk. By combining the expertise of traditional finance with the opportunities presented by the crypto ecosystem, this collaboration sets a new standard for digital asset custody and investment strategies.