Institutional crypto platform Anchorage Digital is expanding its presence in Asia after announcing five key partnerships.&
Institutional crypto platform Anchorage Digital announced that it has partnered with five new Asia-based institutions. This latest development comes as the company makes a push into Asia.&
Anchorage Digital has partnered with cryptocurrency exchange Bitkub, asset management firm Dream Trade, blockchain investment firm FBG Capital, venture firm IOSG Ventures and digital assets financial services provider Antalpha,&
This isn’t the first time Anchorage Digital is partnering with crypto firms in Asia. The company had previously partnered with internet infrastructure provider GMO-Z.com Trust Company in the region.&
Anchorage Digital has been around since 2017 and was the first crypto bank to receive a federal charter in the United States.&
According to the company, many clients in Asia chose Anchorage because of its strong regulatory status in the United States.
Will Chiu, Antalpha’s chief investment officer, in a statement, commented that;
“We appreciate Anchorage’s attention to regulatory compliance and vetting of the digital assets they support. Through their combination of crypto-native fluency and understanding of traditional finance needs, they continue to support us in expanding the adoption of digital assets.”&
This latest development doesn’t come as a surprise, as institutional investors have been doubling down on the crypto space over the past few years.&
Anchorage provides financial institutions with integrated financial services and infrastructure solutions, including custody, staking and trading services. &
Earlier this year, Anchorage Digital& received a consent order from the Office of the Comptroller of the Currency (OCC) after failing to implement the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) requirements
The cryptocurrency startup recently raised $350 million in a Series D funding round. The funding round was led by investment firm KKR and joined by a host of other investors, including Goldman Sachs, Thoma Bravo, Alameda Research and Blockchain Capital.&
Diogo Mónica, Anchorage’s co-founder and president commented that;
“We work with institutions and what we see is that institutions have very long-term horizons, they are not stopping these partnerships.”&
Anchorage recently announced its partnership with Aptos, a layer-1 blockchain. Regarding this partnership, Mónica said;
“By partnering with Aptos, we’re actually helping make sure that the next generation of layer 1 blockchains are taking these proper [security] considerations, and that will only spur future growth in the industry,”&
Institutional investors have been gaining exposure to the major cryptocurrencies, including& Bitcoin& and Ethereum, in recent years.&
The post Anchorage announces five new partnerships in a move to expand its presence in Asia appeared first on CoinJournal.
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