Anchorage Digital, a leading crypto custodian backed by Goldman Sachs, has introduced Porto, a new institutional self-custody wallet aimed at providing institutions seamless access to web3 functionalities.
Unveiled via an X thread on Feb. 26, Porto addresses the challenges faced by institutions in managing cryptocurrencies. The San Francisco-based custodian aims to empower institutions with the ability to customize policies and permissions, execute Ethereum smart contracts, and integrate with decentralized applications through the WalletConnect protocol.
Porto supports over 200 tokens and offers a range of features, including trading, voting, staking, and reward claiming, enabling institutions to actively participate in on-chain activities. According to Anchorage founders Diogo Mónica and Nathan McCauley, the roadmap includes expanding support to other assets such as Tendermint-based assets and various Ethereum Virtual Machine layer-2 chains.
What sets Porto apart from existing self-custody solutions is its elimination of third-party transaction processing. Instead, the platform operates based on institutions’ cryptographic instructions, streamlining workflows and reducing reliance on separate custodian services.
Founded in 2017, Anchorage Digital boasts backing from prominent investors such as Goldman Sachs, Andreessen Horowitz (a16z), Singapore’s sovereign wealth fund GIC, Visa, and others. With a recent Series D valuation exceeding $3 billion, Anchorage Digital continues to drive innovation in institutional crypto custody and access solutions.
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