Anchorage Digital is a prominent player in the crypto industry, offering secure custody and trading services for digital assets. As the only federally regulated qualified custodian for crypto, Anchorage Digital provides a safe and compliant solution for individuals and institutions looking to access the digital asset economy. In this article, we will explore the latest news and developments surrounding Anchorage Digital and its role in the crypto market.
1. Anchorage Digital’s Industry-First Block Trading Feature [2]
Anchorage Digital recently partnered with Onramp Invest to offer an industry-first digital asset block trading feature for financial advisors. This collaboration combines Anchorage Digital’s secure custody and trading capabilities with Onramp’s advisor-first alternatives access tools. The block trading feature allows financial advisors to execute multiple trades across their entire client base as a single institutional order, maximizing efficiency and minimizing costs. This development marks a significant step forward in fair pricing and efficient execution for registered investment advisors (RIAs).
2. Anchorage Digital’s Comprehensive Custody and Trading Offering for RIAs [2]
Anchorage Digital launched a comprehensive custody and trading solution specifically designed for RIAs. This offering, built on a separately managed account (SMA) structure, provides RIAs and their clients exposure to digital assets while ensuring compliance with regulatory requirements. Anchorage Digital’s OCC-chartered digital asset bank status offers the security and regulatory profile necessary for RIAs to access the digital asset economy safely.
3. Anchorage Digital’s Commitment to Compliance and Regulation [3]
Anchorage Digital places a strong emphasis on compliance and regulation. As the first and only federally chartered digital asset bank, Anchorage Digital is at the forefront of digital asset regulation. The company has expanded its management team with experienced professionals in security, compliance, and risk management. Anchorage Digital also actively engages with lawmakers and regulators to shape critical crypto policy discussions, contributing to the development of clear and consistent rules for the digital asset ecosystem.
4. Anchorage Digital’s Growing Asset Support and Institutional Demand [3]
Anchorage Digital continues to expand its platform by adding support for new digital assets in response to market demand. The company has seen significant growth in institutional demand for ETH staking, with the volume of ETH staked on the platform increasing fourfold since the end of 2022. Anchorage Digital’s institutional clients also benefit from the ability to participate in governance through Snapshot voting.
Conclusion
Anchorage Digital is a leading player in the crypto industry, offering secure custody and trading services for digital assets. With its industry-first block trading feature, comprehensive offering for RIAs, commitment to compliance, and growing asset support, Anchorage Digital is well-positioned to drive the adoption of digital assets in a safe and compliant manner.