Anchorage Digital Bank functions as a regulated institutional digital asset bank, providing custody, trading, and financing solutions for cryptocurrencies to qualified institutions. It bridges traditional financial systems with the digital asset economy, offering a compliant and secure environment for holding and transacting with crypto assets. The entity aims to provide banking services tailored for the unique requirements of digital assets within an institutional framework.
Mechanism
Operationally, Anchorage employs a multi-party computation (MPC) based custody system that removes single points of failure, distributing key shares across geographically diverse, secure hardware modules. Its platform integrates trading capabilities directly with custody, permitting institutions to execute large block trades without moving assets off-chain or compromising security. This architecture supports real-time audit trails and maintains strict separation of client assets from operational capital.
Methodology
The methodology centers on a security-first design, integrating advanced cryptographic protocols with robust regulatory compliance frameworks, including federal banking charters. It adopts a systems approach to risk management, combining technological safeguards with operational policies that mitigate unauthorized access, loss, or manipulation of digital assets. This institutional-grade framework facilitates the secure and efficient interaction of traditional finance participants with the crypto asset class.
Western Union's USDPT stablecoin on Solana establishes a new architecture for cross-border remittances, optimizing capital flow and operational efficiency.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
