Crypto Custody Firm Anchorage Offers Investment Returns Through Deal With Cumberland-Backed Hashnote

As a seasoned crypto investor with a deep understanding of the market, I’m excited about the partnership between Anchorage Digital and Hashnote. The potential yields of up to 40% through derivatives strategies without leaving my assets with a custodian is an attractive proposition. I appreciate the customized structures that allow me to target specific yields or create bespoke hedges for my investments.

Anchorage Digital, a U.S.-compliant cryptocurrency custody firm, collaborates with Hashnote – a digital asset management platform backed by trading heavyweights Cumberland and DRW – to deliver yields of up to 40% for their clients.

Hashnote Harbor, unveiled by the companies on Monday, allows investors to earn returns via a range of derivatives strategies without having to transfer the ownership of their assets from Anchorage Digital. The platform offers customizable structures for participants aiming to achieve particular yields or construct tailored hedges for their investments.

Institutional investors seeking diverse digital asset income opportunities, with minimal exposure to credit, custody, and protocol risks, should find the partnership attractive.

As a crypto investor, I’m always on the lookout for ways to harness the advantages of both traditional finance and the decentralized crypto ecosystem. Anchorage co-founder Nathan McCauley hits the nail on the head when he says, “We can bring some elements of traditional finance into crypto, allowing us to enjoy the best of both worlds – the ethos of decentralization and the broad adoption of assets.” Traditional capital markets have spent decades perfecting various strategies and methods. By learning from their hard-earned wisdom, we can set up our crypto investments in a thoughtful and effective manner.

Two companies, Anchorage and Hashnote, have robust regulatory histories in the United States. Anchorage meets the criteria to be classified as a digital asset bank, holding a federal charter from the Office of the Comptroller of the Currency (OCC). In contrast, Hashnote operates under the auspices of the Commodity Futures Trading Commission (CFTC), being registered as a Commodity Pool Operator (CPO).

McCauley approaches the contrast between cryptocurrency custody services overseen by states and those subject to federal oversight from a philosophical perspective.

“He remarked, ‘In America, it’s become customary to acknowledge that multiple methods exist for addressing an issue.’ This perspective is evident across various domains, including law enforcement, voting processes, and finance. In these interconnected realms, we find ourselves subjected to a dual jurisdiction. It’s fascinating how the ethos of cryptocurrency – which emphasizes decentralization – manifests in this complex web. And I find it captivating that there isn’t a single definitive answer to a given question.”