Chapman will connect banks to Anchorage’s trading, custody and lending products.
The Anchorage governance portal looks to boost institutional players’ DeFi involvement.
A tale of crypto rivalry, multimillion-dollar contracts, and bureaucratic definitions of “small business.”
Anchorage Digital said it will also provide “such activities as accounting, customer management, audit compliance and managing blockchain forks.”
The cEUR token, which tracks the price of the euro, joins cUSD, which tracks the U.S. dollar.
Anchorage President Diogo Monica said the token was added following “massive demand” from its institutional clients.
This is the first time Anchorage has extended ETH-backed loans through a traditional, FDIC-insured bank.
Sherrod Brown specifically pointed to the OCC trust charters granted to Paxos, Protego and Anchorage.
In a further sign of "institutional DeFi" momentum, the regulated custodian is adding 1INCH, BNT, CRV, REN and SUSHI.
The TRIBE governance token’s FEI stablecoin project recently saw whales making gains and retail getting rekt.
The custodian’s bank charter allows it to hold digital assets for broker-dealers and their clients, said Anchorage CEO Nathan McCauley.
The pilot marks the first time Visa has accepted a cryptocurrency payment in lieu of cash for its services.
Further proof that centralized custodians can support the decentralized web, said Anchorage co-founder Diogo Mónica.
The round in the crypto custodian was led by GIC, Singapore’s sovereign wealth fund.
The crypto industry has its first federally chartered bank: Anchorage.