Evmos, the connector of the Cosmos and Ethereum blockchains, is teaming up with crypto custody firm Anchorage Digital to offer access and staking of its native token, EVMOS.
The partnership between Anchorage and Evmos aims to bring the inter-blockchain communication protocol to investors and garner more institutional adoption.
“Part of Evmos’ mission is to bring Ethereum into Cosmos,” Evmas co-founder Akash Khosla told CoinDesk. “But then another part of that is to sort of expand the functionality of what you can do with Ethereum-based applications.”
Evmos is an EVM-compatible blockchain in the Cosmos ecosystem. EVM stands for the Ethereum Virtual Machine, the software that runs smart contracts on Ethereum. Evmos’ EVM-compatibility means that developers are able to launch dapps that are interoperable across the Cosmos and Ethereum ecosystems.
“We’ve seen a great deal of interest in Cosmos’ ecosystem assets and interoperability networks like Evmos, especially where staking early counts” said Diogo Monica, president and co-founder of Anchorage Digital. “As the digital asset ecosystem continues to grow, cross-chain networks like Evmos are playing an increasingly important role by making it easier to transact and communicate across distinct blockchains.”
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.