Anchorage Digital has taken a major step toward bridging the gap between traditional finance and decentralized ecosystems by integrating Uniswap into its Porto wallet, unlocking new DeFi functionality for institutional clients.
The upgrade now allows institutions using Porto to perform token swaps and tap into DeFi liquidity directly through the wallet — a move CEO and co-founder Nathan McCauley says will enable users to operate at “crypto-native speed” without compromising on the security Anchorage is known for.
Anchorage’s institutional-grade wallet has already been adopted by key players in the blockchain space, including Maple Finance, the Sui Foundation, and the decentralized exchange dYdX. The addition of DeFi capabilities places Porto in direct competition with other institutional wallet providers, such as Fireblocks, Blockdaemon, Consensys, and Fordefi.
The integration comes at a time when institutional appetite for decentralized finance is expanding. Institutional DeFi — which blends the openness and efficiency of DeFi protocols with the risk controls and compliance frameworks expected by regulated entities — is gaining traction as financial heavyweights seek exposure to digital asset markets.
Uniswap, the protocol now powering swaps within Porto, holds $4.57 billion in total value locked (TVL), according to DeFiLlama, serving as a key indicator of liquidity and user trust within the DeFi landscape.
Anchorage Digital, which reached a $3 billion valuation in 2021 following a $350 million funding round led by Andreessen Horowitz and Apollo Funds, also counts BlackRock among its partners for crypto custody services. The firm is also deepening its footprint in the stablecoin sector by acquiring Mountain Protocol, a Bermuda-regulated stablecoin issuer.
While the broader DeFi market has seen volatility — with capital locked in DeFi protocols dropping from $137 billion in late 2024 to $106 billion today, according to DefiLlama— the long-term outlook remains promising, especially as global regulatory clarity improves and more institutions enter the space.
With this Uniswap-powered upgrade, Anchorage is positioning Porto not just as a wallet but as a full-fledged institutional gateway into decentralized finance.
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