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