Digital Wealth Partners (DWP) has announced an exciting addition to its digital asset platform: Hedera (HBAR) custody is now available for clients. This announcement comes through a strategic partnership with Anchorage Digital, allowing clients to manage their HBAR alongside established digital assets like Bitcoin, Ethereum, XRP, Stellar (XLM), and Avalanche (AVAX) within a single regulated custody framework. The trading of HBAR for DWP clients is expected to commence soon.
Key to this custody offering is the regulatory standing of Anchorage Digital Bank, the only federally chartered crypto bank in the United States. With a national trust bank charter from the Office of the Comptroller of the Currency (OCC), Anchorage operates under direct federal oversight. This regulatory framework ensures that client assets, including HBAR, are safeguarded under stringent capital requirements, compliance standards, and security protocols overseen by the OCC.
Anchorage Digital Bank has achieved important certifications such as SOC 1 and SOC 2 Type II, and boasts impressive transaction efficiency, processing 90% of transactions in under 20 minutes. Its custody platform has garnered the trust of major institutions like BlackRock, particularly for their spot crypto ETF operations. While assets held at Anchorage are not insured by the FDIC or SIPC, they benefit from Anchorage’s comprehensive insurance policy, which includes crime insurance.
The decision to add HBAR to the DWP platform was influenced by its robust governance structure. Hedera operates as a public distributed ledger managed by a council of renowned global corporations, including Google, IBM, Dell, and LG. Its capacity for high-speed transactions at low costs distinguishes it from many public networks. Notable developments involving Hedera include the launch of a Canary Capital HBAR ETF and Fidelity International’s initiative to tokenize a money market fund on the network.
The inclusion of HBAR custody reflects a broader trend within the institutional ecosystem surrounding Hedera, highlighted by ETF launches and enterprise partnerships demanding compliant access to this innovative network. As such, DWP clients seeking to explore crypto investments will now have the opportunity to gain exposure to this enterprise-focused ledger with a proven track record of institutional use cases.
DWP offers custody access to various digital assets based on thorough evaluations of institutional infrastructure, regulatory standing, and client interest. While DWP does not predict the future performance of any digital asset, the recent development signifies a substantial step in catering to wealth management clients who wish to incorporate HBAR into a diversified crypto investment portfolio managed by a federally regulated custodian.
Max Kahn of Digital Wealth Partners emphasized the deliberate approach in selecting assets for their platform, highlighting HBAR’s governance and institutional backing as key factors. “Hedera’s network is backed by Fortune 500 governance, and the infrastructure around it has developed to a point where we’re comfortable offering custody through Anchorage’s federal charter,” he stated.
Clients can look forward to the launch of HBAR trading access in the near future, allowing them to buy, hold, and manage HBAR positions alongside their other digital assets, all secured by a qualified custodian. Additional details regarding the trading launch will be announced shortly.
