Anchorage Digital Bank Becomes First Crypto-Native Bank to Offer Unified Cash and Crypto Services
Anchorage Digital Bank, the only federally chartered crypto bank in the U.S., now supports global USD wire transfers. With this new feature, Anchorage Digital Bank becomes the first crypto-native institution to offer both cash and crypto services through a unified, federally regulated platform. Clients can hold, send, and receive both crypto and USD through Anchorage Digital Bank.
“We’re eliminating the operational complexity of managing both cash and crypto,” said Nathan McCauley, CEO of Anchorage Digital. “Our clients can now consolidate assets with a single, federally regulated banking partner and move funds efficiently across both. We believe the future of finance will be built on crypto rails, and we’re giving institutions the flexibility to operate this way.”
Bridging USD and crypto for seamless capital management
As the digital asset economy matures, investors increasingly need efficient onramps, offramps, and a holistic view across both asset classes. This feature is designed to bridge that gap and solve many pain-points for investors and innovators.
Any investor that has both crypto and USD can see their portfolio across asset classes in a snapshot and streamline their operations. Anchorage Digital lets clients consolidate holdings, convert between USD and crypto through its trading desk, and earn competitive rewards on eligible stablecoins instead of letting cash sit idle.
Crypto startups and innovators can now access reliable USD banking services, without the uncertainty that has historically impacted the industry.
Soon, international institutions can simplify USD flows into the U.S. through a single, regulated partner, reduce currency risk and operational overhead. They can use USD to mint stablecoins, transfer funds more efficiently, and earn stablecoin rewards.
The power of one platform
Clients who safeguard assets with Anchorage Digital Bank unlock the full power of an integrated platform:
- Flexible platform access: Manage all assets and execute transfers on your terms—via our institutional web dashboard, the iOS app, or programmatically through a comprehensive API, all backed by Anchorage Digital’s industry-leading security.
- Seamless USD transfers: Transfer or receive USD into your Anchorage Digital account. Add counterparties in a few steps.
- Secure settlement: Settle with USD on Anchorage Digital’s Atlas settlement network to enhance capital efficiency when trading.
- Efficient conversions: Convert USD to one of the hundreds of supported digital assets through our trading desk.
- Stablecoin rewards: Mint stablecoins with USD, and collect rewards on select stablecoins such as PYUSD and USDG.
Anchorage Digital Bank will continue to expand its USD offerings, including interest-bearing USD accounts in the coming months. Our goal is to eliminate the friction between crypto and fiat, giving institutions a single platform to hold and move capital with confidence.
To learn more, get in touch with our team.
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 only 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. 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.
