Anchorage Adds Asian Institutional Partnerships

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

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

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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.


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