Frgmnt Opens Founding Allocator Program for Institutional Stablecoin Lending

Frgmnt opened its Founding Allocator Program for institutional stablecoin lending, limited to 10 allocators, the company said. The program offers non-custodial Morpho Vault strategies curated by Frgmnt with an average annualised yield of 6.80% and up to 10% APY for participants, according to FinanceFeeds. Applications are open.

Frgmnt's Founding Allocator Program Details

Frgmnt, an institutional onchain yield infrastructure company, gives professional investors access to stablecoin lending markets without building and operating the underlying DeFi infrastructure themselves. The program begins with 10 institutional allocators and access to non-custodial Morpho Vault strategies curated by Frgmnt. Those strategies have generated an average annualised yield of 6.80%, and participants can qualify for an enhanced yield of up to 10% APY. Participants pay no program fees during the Founding Allocator Program, with no lock-up and same-day withdrawals under normal operating conditions.

Eligible participants onboard through Anchorage Digital, so the program sits inside an institutional custody environment. Frgmnt will provide strategy curation, dedicated reporting, regular strategy reviews and direct access to its team. Anchorage Digital said in February that institutions can interact with Morpho vaults from its platform and custody the ERC-4626 receipt tokens for those positions.

"Institutions increasingly understand the opportunity in onchain finance, but accessing it still requires a significant operational and infrastructure effort," said Aurélien Roussel, CEO and Co-Founder of Frgmnt. "We built the Founding Allocator Program to bridge that gap — combining professionally curated onchain strategies with the infrastructure institutional investors need to evaluate, access and manage an allocation."

Participants can review allocations and the activity underneath through onchain data alongside dedicated reporting, and they keep the flexibility to increase or withdraw an allocation. The first cohort is kept small so Frgmnt can work closely with each participant through onboarding and as they evaluate and scale the onchain allocation.

Frgmnt's Earlier Stablecoin Partnerships

Frgmnt partnered with Anchorage Digital in September 2026 to give institutional clients access to its fUSD stablecoin and sfUSD staking product through Anchorage's custody infrastructure, CoinMarketCap reported. In October 2026, Frgmnt co-founder Aurélien Roussel said fiat-backed stablecoins cannot fully escape traditional bank risks, citing 2023 bank failures, TradingView reported. He noted Tether's dominance in non-Western trade and expects competition to focus on distribution and liquidity.

Anchorage Digital's Recent Institutional Moves

Anchorage Digital acquired Routable, a payment orchestration platform, on October 6, 2026, Crypto Briefing reported. The deal aims to add stablecoin and tokenized deposit settlement to Routable's existing fiat payments, with features expected over the coming quarters. Grayscale's XRP ETF added Anchorage Digital as a second custodian alongside Coinbase, effective September 29, CoinMarketCap reported. The fund can now process in-kind XRP creations and redemptions, but has not disclosed planned custody transfers.