Anchorage and Eaglebrook link up in bid to boost crypto SMA access

The partnership allows Franklin Templeton, Ark Invest and others to launch their SMA strategies on Anchorage Digital


mentalmind/Shutterstock modified by Blockworks


Anchorage Digital has linked up with crypto SMA platform Eaglebrook Advisors to allow wealth managers easier access to an investment vehicle some expect to take off. 

Financial advisers use the Eaglebrook platform to allocate to various crypto strategies. Now, this partnership gives those professionals regulated access to crypto via Anchorage — a bank chartered by the Office of the Comptroller of the Currency (OCC).

Anchorage meets the US Securities and Exchange Commission’s definition of a “qualified custodian,” the companies said Wednesday — a term floated in a February proposal by the regulator that would “entrust safekeeping of client assets” to such entities. 

“After the recent SEC custody proposal, it is more important than ever for [registered investment advisers] to safeguard digital assets with a qualified custodian,” Anchorage Digital CEO Nathan McCauley said in a statement.

Eaglebrook is no stranger to partnerships. 

Fund giant Franklin Templeton made a strategic investment in Eaglebrook in April 2022 before launching its first crypto SMAs — available to advisers and wealth managers via Eaglebrook’s platform — that September. Ark Invest then joined forces with Eaglebrook in October 2022 for the debut of its crypto SMAs.

The latest partnership comes as various crypto and traditional finance firms are exploring the introduction of spot crypto ETFs as an alternative to separately managed accounts (SMAs).

Unlike such ETFs though, crypto SMAs offer exposure to a range of assets that clients can own directly. Certain accounts may also allow investors to engage in tax-loss harvesting.

Though crypto SMAs have come to the US market in the absence of these ETFs, some believe a bitcoin ETF would boost SMA demand.

Read more: Eaglebrook CEO: Bitcoin ETF would send crypto SMAs ‘into hyperdrive’

Asset managers on Eaglebrook’s platform — including Franklin Templeton and Ark, as well as Bitwise and Global X, and ARK Invest — will be able to launch their SMA strategies on Anchorage Digital.

Those four firms are among the companies with spot bitcoin ETF proposals currently in front of the SEC. An August court win by Grayscale Investments over the regulator made such an approval more likely, some segment observers believe.  

The SEC is slated to rule on the proposed Ark 21Shares Bitcoin ETF by Jan. 10.

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


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   Grow your network […]

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

Frax report cover.jpg


Frax saw continued development in its frxETH liquid staking derivative and Fraxlend money market throughout 2023. Frax V3 introduces an RWA strategy to drive utility to the protocol's cornerstone product, the FRAX stablecoin.


MicroStrategy discloses the purchase of 16,000 bitcoin throughout November


Digital asset firms face potential new regulatory landscape under Treasury’s proposed authority expansion


Uniswap Labs will be providing trading APIs to Talos investors through Fireblocks


DYDX supply will climb by up to 80% after the Friday unlock, but a couple factors make a massive sell-off appear unlikely


Switzerland-based Pando Asset, which has crypto products trading on the SIX Swiss Exchange, now looks to the US


Binance does not hold the required licenses to advertise and serve customers in the Philippines, the country’s securities regulator said