In brief
- The integration aims to streamline swaps–crypto-to-crypto trades that bypass centralized platforms–and other DeFi processes within Porto’s dashboard.
- In an announcement,Anchorage noted the “delicate balance” for institutions interconnecting with DeFi to manage dapps.
- In July, Jupiter announced the introduction of a new lending product.
Anchorage Digital said on Tuesday it will add Solana swap and liquidity aggregator Jupiter to Porto, its institutional self-custody wallet, as the crypto bank expands services for traditional finance clients engaging with DeFi.
The integration is intended to simplify crypto-to-crypto swaps and other DeFi processes within Porto’s dashboard, reducing reliance on external applications, while also improving Solana liquidity by cutting trade slippage, or the gap between expected and executed prices.
“We believe that true institutional adoption of DeFi requires foundational infrastructure that meets the highest standards of security and compliance,” Nathan McCauley, Anchorage’s CEO and co-founder, said in a statement. “Our native integration with Jupiter is a critical step in buildi
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Author: James Rubin
