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Anchorage Digital makes strategic investment in security firm Immunefi, buys IMU tokens

The Block
Anchorage Digital is investing in Immunefi and purchasing IMU tokens to bolster security for its self-custody wallet, Porto.

Summary

Anchorage Digital, a federally chartered crypto bank, has made a strategic investment in Immunefi, a security infrastructure firm, and acquired its native IMU tokens. This move aims to enhance the security of Porto by Anchorage Digital, a self-custody wallet designed for institutional access to DeFi protocols. Immunefi safeguards over $180 billion in TVL and has distributed over $130 million in bounties to ethical hackers. The IMU token incentivizes participation in Immunefi’s security network. Anchorage is diversifying its business ahead of a potential IPO, expanding into wealth management, token lifecycle management, and institutional DeFi offerings, including access to onchain lending and stablecoins.

(Source:The Block)