Ethena Labs Partners With Anchorage Digital for Institutional Custody
Ethena Labs has integrated Anchorage Digital Bank as a regulated custodian for assets backing its USDe synthetic dollar. The move leverages a federally chartered U.S. bank to mitigate counterparty risk and expand the protocol's custodial infrastructure.
Anchorage will enable 24/7 redemption workflows and provide monthly reserve attestations starting January 2026. This marks a strategic shift toward institutional-grade asset security for decentralized finance protocols.
The partnership follows Ethena Labs' risk committee approval, positioning Anchorage alongside existing custodian Copper in the protocol's network. Federally regulated custody solutions are becoming critical infrastructure as synthetic assets gain traction among institutional investors.
