Anchorage Digital Partners with Hashnote to Offer Clients Up to 40% Yields

U.S.-regulated cryptocurrency custody firm Anchorage Digital has joined forces with Hashnote, a digital asset manager supported by trading giants Cumberland and DRW, to provide clients with yields of up to 40%. The collaboration, known as Hashnote Harbor, was announced on Monday and offers returns through a range of derivatives strategies while ensuring the assets remain securely held by Anchorage Digital.

Clients of the partnership can benefit from tailored structures to target specific yields or create personalized hedges for their assets, catering to individual investment preferences. This innovative approach is designed to attract institutional investors seeking digital asset yield-generating opportunities with minimized credit, custodial, and protocol risks.

According to Anchorage co-founder Nathan McCauley, incorporating elements of traditional finance into the crypto ecosystem combines the advantages of decentralization with widespread asset adoption. He stated, “There are well-established practices from traditional capital markets that can be applied to enhance the crypto space, drawing from decades of experience and wisdom.”

Both Anchorage Digital and Hashnote have strong U.S. regulatory standings: Anchorage holds a federal bank charter from the Office of Comptroller of the Currency (OCC), while Hashnote is registered with the Commodity Futures Trading Commission (CFTC) as a Commodity Pool Operator (CPO).

McCauley views the coexistence of state-regulated and federally-regulated crypto custodians as a reflection of the decentralized nature of the crypto ethos, highlighting the diversity of approaches within the American regulatory framework. He remarked, “The flexibility and diversity in regulatory approaches reflect the essence of decentralization, offering multiple solutions to address various challenges across different sectors.”