Anchorage Digital and XFX Partner to Modernize Global FX Through Atlas
Cross-border flows have long been constrained by pre-funded nostro/vostro accounts, banking hours, and settlement that can take days. Anchorage Digital and XFX are partnering to change that, expanding institutional access to 24/7 markets. XFX joins our Atlas settlement network as a participant, enabling faster, more capital-efficient cross-border transfers for institutional clients on a regulated platform.
Under the partnership, Anchorage Digital Bank N.A. provides XFX with access to U.S. banking infrastructure and integrated USD and stablecoin rails. XFX handles FX execution, liquidity routing, and downstream settlement and distribution, while clients onboarded to Anchorage Digital through XFX gain access to instant 24/7 transfers via the Atlas settlement network. This gives XFX seamless access to both USD and stablecoin operations, replacing the fragmented model where fiat and stablecoin activity required separate banking and crypto relationships.
Atlas is built to address one of the most persistent frictions in institutional markets: settlement. By enabling rapid settlement between trusted participants, Atlas reduces counterparty exposure and operational complexity while improving capital efficiency. XFX's participation strengthens the network and reflects growing institutional demand for regulated infrastructure that connects fiat and stablecoin rails.
"Institutions moving money across borders need settlement infrastructure that is fast, capital-efficient, and built on regulated custody. Atlas was designed to meet that need by connecting trusted market participants through secure settlement rails, and XFX's participation extends those benefits to cross-border transfers." —Nathan McCauley, Co-Founder and CEO of Anchorage Digital
XFX is institutional FX and settlement infrastructure that delivers best-in-class execution, fast settlement, and capital efficiency. By unifying fiat and onchain liquidity, XFX enables financial institutions, exchanges, market makers, payment platforms, and corporates to move value across currencies and borders with greater simplicity, speed and scale. Its participation in Atlas brings cross-border payment expertise to the network while reinforcing the importance of secure, regulated settlement infrastructure.
"FX is fascinating in that it remains one of the financial verticals still running on technology largely unchanged since the late 1970s. We're now seeing an accelerated transition to onchain infrastructure and asset-agnostic settlement across fiat currencies and stablecoins — and that will unlock significant value for the institutions that move money globally. Atlas by Anchorage Digital gives us the regulated, institutional-grade rails to build on that shift." — Santiago Alvarado, Co-founder and CEO, XFX
By leveraging Anchorage Digital's federally regulated platform, XFX can focus on FX execution and best-in-class liquidity routing while relying on institutional-grade U.S. banking and 24/7/365 settlement.
If you'd like to learn more about Atlas and institutional settlement, please get in touch.
About Anchorage Digital
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, stablecoin issuance, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the first federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. Anchorage Digital Bank also offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian. Anchorage Digital is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a valuation of $4.2 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.
