Anchorage Digital, a federally chartered digital asset bank, has announced a partnership with the Provenance Blockchain Foundation to offer the staking of HASH tokens.
Anchorage will provide access to its institutional clients to participate in the Provenance blockchain to collect rewards for securing the network. In March 2022, Provenance Blockchain selected Anchorage as its institutional banking custodian for HASH token holdings and treasuries.
Diogo Monica, co-founder and President of Anchorage Digital, said they have long believed that staking and custody are two sides of the same coin:
“By enabling HASH holders to stake directly from Anchorage’s safe and regulated custody, our continued partnership with the Provenance Blockchain Foundation paves the way for more meaningful participation in the crypto ecosystem.”
Morgan McKenney, CEO of the Provenance Blockchain Foundation, said they are pleased that HASH holders using Anchorage for custody can now stake HASH tokens and earn rewards while contributing to the network:
“This is an important step in broadening ownership and participation in HASH.”
Provenance Blockchain was created by perpetual Fintech founder Mike Cagney via Figure Technologies. Figure leverages Provenance Blockchain for loan origination, servicing, financing, and private fund services as well as payments.
Today, Provenance has supported more than $10 billion in transactions and is being utilized by over 50 financial institutions. Provenance was created for financial services, specifically across lending mortgages and more, making capital markets management more efficient. HASH is used to pay transaction fees and governance. It is available on OkCOIn and dlob.io