Anchorage Digital adds institutional access to Frgmnt’s fUSD stablecoin

Anchorage Digital has added support for Frgmnt’s fUSD and its staked variant, sfUSD, to its custody offering, allowing institutional customers to manage those tokens without establishing a separate custody arrangement. The integration covers holding as well as minting, redeeming, staking and unstaking functions through Anchorage’s platform, the company said in a Friday announcement.

Frgmnt operates on Base and mints fUSD backed by USDC, with that collateral placed into various on‑chain lending markets to generate yield. Holders can convert fUSD into sfUSD to capture rewards produced by the protocol’s underlying strategies; Frgmnt reported that sfUSD was producing a 13.32% APR as of Sept. 4, while noting that yields fluctuate with market conditions.

The protocol is currently running a capped, invite‑only beta and had roughly $100,000 in total value locked per DeFiLlama data. Frgmnt plans to remove the cap and open public access on Sept. 15, expanding availability beyond its beta cohort.

Anchorage Digital Bank — a U.S. federally chartered crypto bank regulated by the Office of the Comptroller of the Currency — has been positioning itself as a regulated gateway for institutional crypto activity. The broader Anchorage Digital platform was valued at $4.2 billion in February after a $100 million investment from Tether. Recent moves by Anchorage include hosting issuance of Tether’s USAt stablecoin and partnerships to support blockchain‑based payments and treasury services, as well as expanding institutional staking integrations such as Solana staking with Marinade Finance and native TRX staking earlier in the year.