Institutional Cryptocurrency Platform Anchorage Digital Is Opening To The Asian Market!

Institutional cryptocurrency platform Anchorage Digitalstepped into this region by partnering with five new Asian-based institutions.

Cryptocurrency Platform Anchorage Expands to Asia with Five New Partnerships

In a statement from Anchorage, the partners’ cryptocurrency exchange Bitkubasset management firm DreamTradeBlockchain investment firm FBG Capitalventure firm IOSG Ventures and digital assets financial services provider Antalpha was stated.

Anchorage was previously the internet infrastructure provider in the region. GMO-Z.com Trust Company had partnered with.

Founded in 2017, Anchorage became the first crypto bank in the US to receive a federal license, which means it is regulated by the OCC.

Diogo Mónica, Anchorage’s co-founder and president, said in an interview that this is the highest-level license banks can obtain in the United States.

Owning a license is a very high obligation for firms, due to the level of transparency and competence required to meet the license’s requirements, he added.

The company said many Asian customers chose Anchorage because of its strong legal status in the US.

Will Chiu, Antalpha’s chief investment officer, said in a statement: bitcoin and we appreciate the attention he has shown to the review of digital assets.”

Anchorage provides institutions with integrated financial services and infrastructure solutions such as custody, staking and trading services.

The venture most recently raised $350 million in a Series D funding round led by investment firm KKR.

Investors have included traditional players such as Goldman Sachs and Thoma Bravo, as well as crypto firms such as Alameda Research and Blockchain Capital.

*Not investment advice.