Anchorage Supports Tribe at Launch
Anchorage will be the first to custody FEI Protocol’s governance token, TRIBE following the FEI network launch on March 31st. Since the beginning, Anchorage has been committed to enabling institutional participation in any asset that meets our standards for quality and security. Just recently, we added support for governance tokens, Rally, Radicle, and Hegic. We’re proud to support FEI at launch, bringing our clients access early on when it’s especially important to a network’s adoption.
“FEI brings new innovation to the stablecoin category. Early custody like Anchorage’s TRIBE helps support our network’s adoption and growth at a critical time.”
—Joey Santoro, Founder, Fei Protocol
Most stablecoins today, according to Fei, face problems by design. FEI was created to fill the gap between fiat-collateralized stablecoins that are issued by centralized entities and other algorithmic stablecoins which are prone to volatility, and overcollateralized models that can struggle with scaling. The TRIBE token allows holders to make decisions on upgrades and integrations.
Anchorage has been a frequent and early supporter of DeFi initiatives from on-chain governance for MakerDAO (MKR) and Celo (CGLD), and supporting TRIBE custody at launch will allow more institutional investors additional exposure to the DeFi assets they demand.
If you’re holding or plan to hold TRIBE or want to learn more about Anchorage, please get in touch.
About Anchorage Digital
Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, Porto by Anchorage Digital, and other offerings. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
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