TL;DR:
- Anchorage Digital made a strategic investment in Immunefi and acquired IMU tokens to strengthen the security of its Porto wallet.
- Immunefi protects more than $180 billion in value and has distributed over $130 million in rewards to security researchers.
- The goal is to provide institutional security infrastructure for Porto users, Anchorage’s self-custody wallet aimed at the DeFi market.
Anchorage Digital announced a strategic investment in Immunefi, the onchain security platform, and the acquisition of IMU tokens, the firm’s native ecosystem asset. The deal includes a commercial partnership through which Immunefi will provide security services to Porto, the company’s institutional self-custody wallet.
Porto allows institutions to use DeFi protocols, execute native swaps, and deploy onchain strategies from a self-custody system. The product incorporates hardware security modules with FIPS-140 certification, configurable quorum approval policies, and real-time risk simulation. It supports more than 20 networks, including Ethereum, Solana, Bitcoin, and Sui.
Matt Round, from Anchorage Digital Ventures, noted that institutional participation in DeFi through self-custody solutions requires building robust security infrastructure, and highlighted Immunefi’s track record in identifying and preventing vulnerabilities before they can be exploited.
Anchorage Bets on Institutional Security in DeFi
Immunefi is critical infrastructure for blockchain security. The platform protects more than $180 billion in total value locked across protocols such as Ethereum, Aave, Optimism, and Arbitrum, and has a network of more than 60,000 security researchers worldwide. To date, it has distributed over $130 million in rewards to ethical hackers and researchers through bug bounty programs.
The IMU token aligns the incentives of all ecosystem participants —from protocol teams to researchers— around responsible vulnerability disclosure. Mitchell Amador, founder and CEO of Immunefi, stated that the partnership with Porto will strengthen and extend that security infrastructure to institutions.
Anchorage, founded in 2017, was the first digital bank to receive a federal charter in the United States, a status it obtained in 2021. That same year it closed a Series D round of $350 million that valued the company at $3 billion, backed by Apollo, Goldman Sachs, and KKR.
