Anchorage Digital Provides Custody Support for Saturn’s Bitcoin-Backed Credit and Stablecoin Platform

Anchorage Digital, home to America’s first federally regulated crypto bank, will provide custody support for Saturn, a new platform building stablecoin products backed by STRC.

Through this integration, Anchorage Digital clients will be able to securely custody USDat and sUSDat on Anchorage Digital’s regulated platform, enabling access to a new class of digital financial products built on emerging onchain credit infrastructure.

‍Building the monetary layer on Bitcoin-backed credit

As traditional finance converges with crypto, Bitcoin is increasingly emerging as a neutral, transparent form of collateral, and a new credit system is forming on top of it.

Saturn is building in this emerging stack. At a high level, that stack is taking shape across three layers:

• Bitcoin as digital capital
• Bitcoin-backed credit as the emerging credit layer
• Financial applications built on top

Saturn sits in that third layer, creating products that translate Bitcoin-backed credit into usable financial instruments for payments and settlement.

Anchorage Digital’s custody support provides the regulated foundation institutions need to access these products securely.

“New forms of credit are emerging onchain, and institutions need secure, regulated infrastructure to access them. By supporting Saturn, we’re helping bring Bitcoin-backed credit products into an institutional framework, making them more accessible, transparent, and scalable.” — Nathan McCauley, Co-Founder and CEO of Anchorage Digital.

‍A more flexible financial model

Saturn’s model introduces a dual-token system designed to separate liquidity from yield:

• USDat: a stablecoin backed by tokenized U.S. Treasuries, designed for DeFi liquidity
• sUSDat: a token that references the performance of STRC

At launch, sUSDat’s underlying exposure is tied to Bitcoin-backed credit instruments, including STRC. This structure is designed to provide transparency into how assets are composed and how different forms of exposure are represented onchain.

“Saturn is building the application layer for a new financial system backed by Bitcoin. Anchorage Digital’s regulated custody platform provides the foundation we need to bring these products to institutional users with the security and trust they expect.” — Ellis Osborn, Co-Founder of Saturn

‍Expanding institutional access to digital credit markets

As digital assets evolve beyond simple custody and trading, new categories of financial products are emerging, spanning stablecoins, tokenized assets, and onchain credit.

Saturn represents a new approach to structuring access to these markets, combining stablecoin infrastructure with exposure to a Bitcoin-backed credit system.

By supporting Saturn, Anchorage Digital continues to expand the infrastructure available to institutions, helping connect emerging digital financial products with a secure, regulated foundation in the United States.

To learn more about Anchorage Digital’s custody platform or Saturn, get in touch.