Anchorage Digital CEO Nathan McCauley said that in January 2023, the company's partner banks said they would no longer work with them because they were "in the cryptocurrency business." Anchorage itself is understood to be a federally chartered bank and was reviewed by the OCC, but was disqualified from participating in banking for its involvement in cryptocurrencies.
Stablecoin issuer Paxos has partnered with Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, and Robinhood to launch the Global Dollar Network, an open network designed to accelerate the use of stablecoins worldwide. Open to qualified participants only at this stage.
According to Spot On Chain, a freshly built wallet 0xc04 (associated with Anchorage Digital) withdrew 10.7 million ENAs ($3.96 million) from Binance eight hours ago. This marks Anchorage Digital's largest ENA transaction and makes it one of the entity's top assets. Since its launch in April 2024, ENA prices have fallen by 43%.
Anchorage Digital has announced that it will offer custody for 21Shares' spot Bitcoin and Ethereum ETFs, and will require issuers and participants to use biometric authentication to participate in crypto ETFs to enhance security.
Bitcoin L2 network Stacks has partnered with Anchorage to provide escrow support for tokens on the Stacks network.
On August 28th, crypto custodian Anchorage Digital announced at X that its institutional self-custodial wallet Porto now supports multiple Solana SPL tokens, and in addition to SOL, more tokens will be added regularly.
According to Arkham monitoring, the address marked as suspected Anchorage Digital transferred 60 million USDC to Coinbase Prime 3 hours ago. The data shows that the address has transferred 170 million USDC to Coinbase Prime in the past 2 weeks.
PayPal and Anchorage Digital are launching a new stablecoin rewards program specifically for institutional investors. The program, announced on August 22, will provide proceeds for PayPal USD (PYUSD) tokens held in Anchorage Digital's custody solution. The program is specifically tailored for institutional clients and allows them to earn from PYUSD tokens stored in Anchorage's custody, including its self-custody wallet, Porto. The plan prioritizes security, keeping stablecoins in on-chain accoun...