Anchorage Digital adds institutional access to Frgmnt’s fUSD stablecoin

Anchorage Digital Bank will expand institutional access to Frgmnt’s fUSD stablecoin through its custody platform. The arrangement lets clients hold, mint, redeem, and stake fUSD without setting up separate custody.

Institutional access via Anchorage custody

Anchorage Digital partnered with Frgmnt to provide institutional clients access to fUSD and sfUSD via Anchorage’s custody platform. The integration covers the full lifecycle for fUSD, including holding, minting, redeeming, staking, and unstaking.

How Frgmnt’s fUSD and sfUSD work

Frgmnt is a stablecoin protocol built on Base. It issues fUSD against USDC, with backing deployed across onchain lending markets. Holders can stake fUSD to receive sfUSD, which is tied to rewards generated by the protocol’s underlying strategies.

Current rollout status and planned expansion

Frgmnt has about $100,000 in total value locked, according to DeFiLlama data. The protocol operates under a capped, invite-only beta, with plans to open public access and raise its deposit cap on Sept. 15.

Frgmnt said sfUSD was generating 13.32% APR as of Sept. 4, though yields vary based on conditions in the underlying lending markets.

Anchorage’s broader push for regulated onchain finance

The partnership adds to Anchorage Digital’s role as a regulated gateway for institutional stablecoin and staking access. Anchorage Digital Bank is a US federally chartered crypto bank regulated by the Office of the Comptroller of the Currency.

The platform is part of Anchorage Digital, which was valued at $4.2 billion in February after a $100 million investment from Tether.

This matters because it reduces operational friction for institutions that want exposure to stablecoins and yield strategies while keeping assets within a regulated custody environment.