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Anchorage Digital Appoints Aaron Schnarch, Former CEO of Coinbase Custody, as Chief Operating Officer

Anchorage Digital made a strong debut to 2024: we launched Porto, our new self-custody wallet for institutions, exceeded an all-time-high of $50 billion in assets under custody, announced partnerships with leading wealth management platforms, and expanded custody to support tokenized money market funds.

Today, we’re excited to continue our momentum by announcing the appointment of our first company-wide Chief Operating Officer (COO), Aaron Schnarch.

Drawing from extensive experience in both traditional finance and crypto, Aaron is uniquely qualified to drive forward the vision set forth by co-founders Nathan McCauley and Diogo Mónica. In his new role as COO, Aaron will oversee all business lines including custody, trading, staking, settlement, and self-custody, as well as sales, marketing, and business development.

Prior to joining Anchorage Digital, Aaron served as the CEO of Coinbase Custody and VP of Product Management at Coinbase Global. In these roles, he was instrumental in growing and globalizing product inflows, scaling institutional staking, building an institutional-grade web3 wallet, and supporting infrastructure for its Bitcoin ETF products. His experience in crypto was preceded by over a decade of leadership in finance, holding senior roles at Broadridge Financial Solutions (NYSE: BR), where he was a founding member of the Blockchain Steering Committee, and at SunGard (now part of FIS). 

"We are thrilled to welcome Aaron to Anchorage Digital. His deep expertise in both traditional finance and the crypto industry, combined with his proven track record of driving innovation and growth, make him the perfect fit for this newly created COO position. The team and I are excited to bring Aaron on to accelerate our mission of revolutionizing the financial landscape and unlocking the vast potential of digital assets for institutions worldwide. Together, we will cement Anchorage Digital's position as the categorical leader in institutional crypto."

— Nathan McCauley, Co-Founder and CEO of Anchorage Digital

“The next growth phase of the digital asset industry will be driven by institutional adoption. Anchorage Digital provides clients with unparalleled regulatory clarity, and has built a distinct product, engineered from the ground up for institutions. The sophisticated security architecture, support for massive scale, and delightful user experience, make Anchorage Digital the clear choice in this industry. I am excited to grow the global digital asset ecosystem partnering with the passionate Anchorage Digital team.”

— Aaron Schnarch, Chief Operating Officer at Anchorage Digital

Interested in joining Aaron in building the global leader in institutional crypto? Explore our open positions.

Press Contacts

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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, 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.

Additional reading

Ex-Goldman Sachs Banking Leader Connie Shoemaker Joins Anchorage Digital Bank N.A. Board of Directors
Providing custody at scale and supporting prudent regulation at Anchorage Digital
Marking a Milestone: Anchorage Digital Bank Now Accepting USD Deposits in App
Anchorage Digital Adds Support for Native DYDX Staking
Introducing Atlas: The only crypto settlement network by a federally regulated custodian
Positioned for the future: A new role at Anchorage Digital