Anchorage Adds Asian Institutional Partnerships

Anchorage Digital is hoping to tap into Asia’s lucrative crypto markets by offering institutions custody and bespoke solutions

article-image

Anchorage co-founders Diogo Mónica (left) and Nathan McCauley | Source: Anchorage

share

key takeaways

  • Anchorage Digital is pushing deeper into Asia via partnerships with five major institutions
  • The firm has avoided the worst effects of the recent market downturn

Crypto lending platform Anchorage Digital said Tuesday it has decided to plow further into Asia via a partnership with five major domestic institutions.

Antalpha, Bitkub, Dream Trade, FBG Capital, GMO-Z.com Trust Company and IOSG Ventures have lined up to take advantage of Anchorage’s regulated offerings which include integrated financial services and infrastructure solutions. 

The lender is also home to the world’s first federally-chartered digital asset bank in the US and boasts Paradigm’s chief legal officer, Katie Biber, and Andreessen Horowitz general partner Chris Dixon as board members.

“We appreciate Anchorage’s attention to regulatory compliance and vetting of the digital assets they support,” Antalpha’s Chief Investment Officer Will Chiu said in a statement.

With a foothold already firmly established in Singapore, Anchorage is hoping to tap into the lucrative Asian market for digital assets. The platform also hosts business hubs in the US and Portugal.

Central and Southern Asia, as well as Oceania, ranked as the third-largest crypto markets this year, according to a recent study by blockchain analytics firm Chainalysis. The region is also home to seven of the top 20 countries in the firm’s yearly index.

Anchorage’s relationship management team based within the region also provides round-the-clock client operation support while touting a 20-minute time to transact, a feat Anchorage co-founder Diogo Mónica said is unmatched in the market.

Because of its regulatory stature and established presence within the industry, firms have turned to the lender at a time when uncertainty has racked many other players.

The downfall of lending peers Celsius and Voyager Digital has all but shattered confidence for those larger players seeking to store digital assets via a third-party platform.

Anchorage Digital has remained steadfast. The firm told Blockworks in July it had managed to navigate the credit crunch and contagion that so affected others because it was “properly attuned” to inherent market risks.

Whether that plays out well in the future remains to be seen, but at least, for now, institutions remain confident in Anchorage’s ability to deliver.


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Top Icon.png

Research

Osmosis thrived in H2 2023 on the back of increased DeFi activity deriving from recently launched Cosmos-related projects and better market conditions. With new value accrual mechanisms for the native token, Osmosis is well-positioned to continue its strong performance in 2024.

/

article-image

Though the opposing flow trend is likely to slow over time, industry watchers note, bitcoin fund assets could one day eclipse the $90 billion gold ETF space

article-image

Celestia had the first mover advantage. EigenDA has staked ether. What sets Avail apart?

article-image

Bitcoin moved 1% higher Monday morning in New York, Matrixport analysts say $62,000 could happen next month

article-image

It’s hard to believe right now that crypto — even with all of its flexibility and massive capabilities — could ever be like cash on the internet

article-image

Michael Saylor announced Monday morning that MicroStrategy bought 3k more bitcoin after the X account was compromised over the weekend

article-image

Plus, Pudgy Penguins grows its brand and a group of Autoglyphs sell for $14.5 million