Frgmnt has partnered with Anchorage Digital to give institutions direct access to its fUSD and sfUSD stablecoin infrastructure.
Key Takeaways
- Frgmnt partnered with Anchorage Digital to give institutions direct access to its fUSD stablecoin.
- The deal lets funds and fintechs manage, stake, and redeem 2 protocol assets within regulated crypto rails.
- Frgmnt plans to scale institutional adoption of its yield infrastructure with a new deposit wave in September.
Yield Mechanics and Protocol Assets
Frgmnt, a stablecoin protocol built on Base, said Sept. 11 that it has partnered with Anchorage Digital to widen institutional access to its stablecoin infrastructure. The collaboration allows clients to hold, mint, stake and redeem fUSD directly within Anchorage’s existing custody environment.
In a statement, the companies said the integration removes the need for institutions to establish separate custody arrangements to use Frgmnt’s products, giving funds, corporate treasuries and fintechs a more direct route to the protocol’s stablecoin tools. Aurélien Roussel, CEO and co‑founder of Frgmnt, said institutions increasingly expect onchain products to fit into familiar operational workflows.
“Institutions should be able to access onchain financial products through infrastructure that meets their operational and custody requirements,” Roussel said. “Our partnership with Anchorage Digital brings fUSD and sfUSD into an environment already used by institutional capital.”
Anchorage Digital, which operates Anchorage Digital Bank, the first federally chartered crypto bank in the U.S., provides regulated custody, staking, trading and settlement services for institutional clients. CEO Nathan McCauley said the collaboration aligns with growing demand for secure access to decentralized finance.
“Institutional adoption of onchain finance depends on combining access to innovative protocols with the security and operational standards institutions expect,” McCauley said. “Supporting Frgmnt gives our clients another way to access onchain opportunities through trusted institutional infrastructure.”
According to a media statement, Frgmnt issues two related assets on Base. The first is fUSD, which is minted against USDC and deployed across selected onchain lending markets. Then sfUSD is what users receive when staking fUSD to earn rewards generated by the protocol’s strategies. The company said its positions and performance metrics can be monitored onchain through Frgmnt’s statistics tools and third‑party platforms such as Dune and DefiLlama.
The partnership expands Anchorage Digital’s role in connecting institutions to decentralized finance while advancing Frgmnt’s distribution strategy by making its stablecoin infrastructure available through platforms already used for digital asset management. Frgmnt said deposits continue to open in capped waves as the protocol scales, with the next wave scheduled for September.
