Anchorage Digital Introduces Automation to Crypto Protocol Payments with New External Transfer API
Today, Anchorage Digital is proud to announce early access to programmatic transfers for protocols, unlocking new efficiencies in treasury management. Our new external transfer API, the first from a federally chartered crypto bank, reduces overhead and manual approvals of payment requests by enabling automated and high-volume withdrawals to whitelisted addresses.
As the world of Web3 becomes increasingly competitive, protocols need to focus on what matters most: blockchain innovation. Manually approving day-to-day business operations like payments to employees, investors, and vendors is inefficient and takes valuable time away from protocol development. This is why Anchorage is launching our new external transfer API, streamlining the payment process for protocols.
“Blockchain protocols are leading the way in building the future of finance, but they have been held back by inefficiencies in meeting vesting obligations, making vendor payments, and running payroll using crypto. With the external transfer API, Anchorage will continue bringing Web3 efficiency to protocol business operations as part of our platform of offerings.”
—Diogo Mónica, Co-Founder and President of Anchorage Digital
The new external transfer API enables greater efficiency in treasury management for key stakeholders across the entire protocol ecosystem, including employees, VC firms, and vendors:
- Employees can receive assets according to a regular payroll or vesting schedule
- VC firms can distribute earned assets to limited partners or other investors
- Vendors can be paid on a recurring basis including through USD Coin (USDC)
A Go-To Destination for Protocols
Anchorage Digital has long been trusted by protocols worldwide for fully integrated products that enable easy and efficient treasury management. Now, crypto projects can leverage our new API for programmatic digital asset transfers to external partners. Built on safe and secure custody, Anchorage has further solidified our position as the go-to destination for protocols.
If you’d like to learn more about our offerings, please get in touch.
About Anchorage Digital
Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, Porto by Anchorage Digital, and other offerings. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
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