Serving Institutional Crypto Needs With Anchorage Digital
In March 2022, I spoke with Patrick O'Shaughnessy, Chairman at Colossus, to discuss institutional crypto needs on the Web3 Breakdowns podcast. Although the market and regulatory environment has changed significantly since then, one thing has not: our long-term vision for safe, secure, and regulated institutional participation in crypto. Against the backdrop of rising institutional participation, returning to some of the key themes Patrick and I discussed offers insight into the next phase of crypto adoption.
At Anchorage Digital, we are seeing—and shaping—changes in institutional participation firsthand. Many leading institutions no longer want to just custody digital assets; instead, they want to actively participate in the ecosystem as a whole. As a case in point: just two years ago, 100% of our revenue came from custody. Now, we’ve diversified our business so that 50% of revenue comes from custody, with the other half coming from staking, trading, governance, and other financial services.
If we want to safely onboard the next generation of institutions into crypto, we must continue to advance security, compliance, efficiency, and access.
For Anchorage Digital, being a great custodian for institutions means responding to client demand as blockchain technology continues to evolve. The same way we started out of client need, all of our new product offerings have come from market demand. Our platform is built on four pillars:
Security
Security is at the core of everything we do. Our differentiated custody solution mitigates risks of human error and attack vectors, and is backed by biometric authentication and robust controls. We go above and beyond to authenticate the human and the intent. At Anchorage Digital, we pride ourselves in having the best-in-class security for our products and internal processes as the foundation of our digital asset infrastructure.
Compliance
Anchorage Digital Bank is the only federally chartered crypto bank, a qualified custodian, and is subject to the oversight of our federal banking regulator, the OCC. We believe a responsibly-regulated digital asset ecosystem represents the future of finance and welcome more federal oversight of crypto-native firms.
Efficiency
At Anchorage Digital, we work round-the-clock to support our clients with fast and efficient proprietary technology built to service institutions. Our rapid settlement function allows crypto to quickly and efficiently settle within secure custody.
Access to the ecosystem
We offer access to full participation in the digital asset ecosystem, offering custody, staking, governance, trading, and other services. As blockchain technology develops, so does our technology infrastructure.
Unlocking the potential of blockchain requires secure infrastructure and the participation of leading institutions. If you’d like to learn more about how Anchorage Digital serves institutional crypto needs, 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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