Anchorage launches full-stack crypto offering

Anchorage today announced the launch of Build With Anchorage at Money20/20 in Las Vegas. As a full-stack infrastructure offering enabling crypto payment gateways, structured finance products and crypto investments, the service will enable fintechs, payment companies and banks to design and embed a complete crypto product lifecycle via Anchorage APIs.

Anchorage is the only crypto-native bank in the US with a federal charter, with a valuation of over $3 billion and investors such as Andreessen Horowitz, Goldman Sachs, KKR, Visa and GIC (Sovereign Wealth Fund of Singapore).

When asked to comment on the Build With Anchorage announcement, co-founder Nathan McCauley stated, “For crypto to move toward mainstream adoption, financial institutions need access to a secure and regulated digital asset infrastructure. Build With Anchorage is an important step in this direction, enabling our institutional clients to partner with our team to build the next generation of crypto products.”

The new infrastructure offers streamlined institutional involvement in crypto by providing clients with the security, engineering, regulatory and design expertise of the Anchorage team.

He explains that given Anchorage’s regulatory status, institutions “of all stripes – from fintechs to RIAs – are able to participate in the digital asset economy from the safety of the first OCC-chartered digital asset bank in the US.

“Build With Anchorage opens doors to the digital asset ecosystem for institutions that would otherwise find it difficult to get involved with crypto due to technical and regulatory challenges.”

Earlier in the day, on the Money20/20 stage, McCauley spoke about this deep trust Anchorage has been able to build with institutions across the industry: “I like to say that we are the most demanding custodian for the most demanding people in the world – big financial institutions.” like to come to us. You know who else is extremely picky about where they put their private keys and their assets? The defi logs themselves.

“The ‘Who’s Who’ of Defi Protocols typically keep their assets in Anchorage because they understand that security, flexibility and the ability to leverage their assets while they are held on one platform are extremely important. This means that both the most regulated and the least regulated types of companies have come to the same conclusion that Anchorage is where they hold their assets.”

Given the broader macro landscape, Finextra also asked McCauley to elaborate on how the environment is shaping institutions’ desire to better align with an innovative, crypto-based strategy.

“At Anchorage, we take a behind-the-scenes look at how institutions are thinking about crypto as a long-term asset class. One thing is clear: Institutions are taking advantage of the broader bear market to create new crypto products and services. Customer demand for a secure and regulated crypto infrastructure has never been greater, which is why we have decided to launch Build With Anchorage now.”

Finextra will be on hand at Money20/20 covering the biggest updates and announcements from the event. You can stay up to date with our coverage Finextra’s [email protected] page here.

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