US Regulated Cryptocurrency Custody Company Anchorage Digital Our partnership with offers our clients up to 40% yield. Hashnoteis a digital asset management company built with the backing of trading giants Cumberland and DRW.
Hashnote Harbor, which the companies announced Monday, will deliver these returns through a series of derivative strategies without the underlying assets ever leaving Anchorage Digital’s control, according to a press release. Participants can request customized structures to target specific yields or create bespoke hedges of assets.
The partnership should be attractive to institutional investors looking for yield generating options across a range of digital assets without incurring significant credit, custody and protocol risk.
“Bringing some of the benefits of traditional finance into the crypto ecosystem means you get the best of both worlds: the spirit of decentralization and broad adoption of the asset,” Anchorage co-founder Nathan McCauley said in an interview. “There are hard-won, clever ways of setting things up that traditional capital markets have been figuring out for the last 70 to 80 years.”
Both companies have established US regulatory profiles: Anchorage has a federal banking charter from the Office of the Comptroller of the Currency (OCC) and qualifies as a cryptocurrency bank, while Hashnote is registered with the Commodity Futures Trading Commission (CFTC) as a Commodity Pool Operator (CPO).
McCauley was philosophical about the dichotomy between state-regulated crypto custodians and those overseen at the federal level.
“It’s kind of an American tradition at this point to say there’s more than one way to do it,” he said. “If you look at it from a number of different angles — policing, elections, banking — all of these things are intertwined in a dual sovereignty situation, which in many ways kind of embodies the spirit of crypto, which is decentralization. And I think it’s really great that there’s more than one way to answer any given question.”
