Crypto Custody Firm Anchorage Adds Support for HEGIC, RAD and RLY

Further proof that centralized custodians can support the decentralized web, said Anchorage co-founder Diogo Mónica.

AccessTimeIconMar 18, 2021 at 1:00 p.m. UTC
Updated May 9, 2023 at 3:17 a.m. UTC

Anchorage is taking further strides into the growing decentralized finance (DeFi) space with support for three more governance tokens.

Announced Thursday, Anchorage is adding support for Hegic, a decentralized options trading project; Radicle, a decentralized version of GitHub; and Rally, a platform that allows creators to launch their own digital currencies.

While the mainstream is just beginning to get its head around bitcoin and ether, the crypto space is powering into the next generation of incentivized participation in blockchain networks.

HEGIC, RAD and RLY are the tokens powering the next generation of the internet, said Anchorage co-founder Diogo Mónica. 

“It's kind of fun to see a new internet being built out of building blocks,” Mónica said. “All of them with token economics and blockchain-style incentives.”

In this instance, that means decentralizing the last half-mile of DeFi options trading, code repositories and independent economies among online fandoms. 

For the big-name investors behind each project, having a qualified custodian to handle their tokens for both storage and network participation is a potential selling point for Anchorage, which recently won a banking charter from the U.S. Office of the Comptroller of the Currency. 

“Our support for these governance tokens is proof that a centralized entity like Anchorage is actually contributing to the safety and governance of decentralized protocols by allowing these investors to safely vote and to simply participate,” Mónica said in an interview.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.