Enabling access to BTCFi: Anchorage Digital is selected as qualified custodian for BOB
Anchorage Digital is pleased to announce support for Build on Bitcoin (BOB), a hybrid chain that aims to bring together Bitcoin’s security with Ethereum’s DeFi innovation and versatility. BOB has selected Anchorage Digital as their custodian of choice. Institutions and asset holders will be able to securely access BOB’s native token, BOB, from Anchorage Digital Bank N.A., the only U.S. federally chartered crypto bank, and from Anchorage Digital Singapore, a Major Payment Institution licensed by the Monetary Authority of Singapore. BOB will also be accessible from Anchorage Digital’s self-custody wallet, Porto.
“We couldn’t be more excited to partner with Anchorage Digital to maximize institutional access to BOB. Our vision is to put Bitcoin at the heart of DeFi, providing institutional and retail investors the safest place to earn yield on their BTC. Anchorage Digital creates a vital entry point for institutions to BOB’s $250M+ TVL DeFi ecosystem, providing reliable asset support for protocols, and being a proven and trusted partner for institutions.”
– Alexei Zamyatin, Co-Founder at BOB
“Bitcoin has been time-tested as one of the most secure and established networks. It’s tremendously exciting to see smart contract capabilities grow on Bitcoin, paving the way for new applications that blend Bitcoin’s security with new use cases. At Anchorage Digital, we’re proud to support innovators like BOB and to empower institutions to participate.”
– Nathan McCauley, CEO of Anchorage Digital
Participate in BTCFi with Anchorage Digital
TVL in the Bitcoin decentralized finance (BTCFi) ecosystem has grown from $2bn to more than $8bn in the past twelve months*. Anchorage Digital aims to provide a secure and seamless entry point for institutions and asset holders who are interested in participating in BTCFi. Enabling custody support of the BOB token is just the starting point.
For institutions looking to participate in BTCFi, Anchorage Digital offers:
- Asset support and global access: Institutions will be able to access BOB from Anchorage Digital Bank, Anchorage Digital Singapore, and Porto self-custody.
- Industry-leading security: Our approach to security blends quorum-based approvals, HSM infrastructure, advanced biometrics, and behavioral analytics.
BOB is simultaneously an Ethereum L2 and a Bitcoin Secured Network, meaning that EVM builders can build apps on BOB that benefit from Bitcoin’s security provided by staked Bitcoin. In addition, BOB is leveraging BitVM technology to enable trustless bridging of Bitcoin to accelerate institutional adoption of BTCFi.
Anchorage Digital is excited to support innovators who are creating the foundation for a more vibrant Bitcoin ecosystem, and to enable broader participation for asset holders.
If you’re interested in participating in BTCFi, get in touch.
*Time frame: October 2024 - October 2025
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.
