United States-based crypto platform Anchorage Digital announced on Wednesday its expansion to Asia, with notable institutional partners including Bitkub, Dream Trade, FBG Capital, GMO-Z.com Trust Company, IOSG Ventures, and Antalpha, which have selected Anchorage custody and bespoke offerings to safely participate in digital assets.
Anchorage said in a statement the market for digital assets is global, and some of the highest rates of adoption are in Asia. The firm currently has business hubs in the United States, Singapore, and Portugal.
“Asia’s consumers have adopted crypto with enthusiasm, and its financial institutions need an infrastructure partner so they can offer new crypto products and services,
“One size definitely does not fit all in a global market, and Anchorage provides custom solutions for its partners,” said Diogo Mónica, Co-Founder and President of Anchorage Digital.
Anchorage is a regulated crypto platform that provides institutions with integrated financial services and infrastructure solutions.
With the first federally chartered crypto bank in the United States, the firm offers institutions an unparalleled combination of secure custody, regulatory
compliance, product breadth, and client service.
Founded in 2017, the firm is valued at over $3 billion with funding from leading institutions including Andreessen Horowitz, GIC— Singapore’s sovereign wealth fund, Goldman Sachs, KKR, and Visa.
Headquartered in San Francisco, California, the firm is remote-friendly with offices in New York, New York; Singapore; Porto, Portugal; and Sioux Falls, South Dakota.
According to the statement, Anchorage’s dedicated relationship management team based in the region provides Asia’s most important crypto-native companies and financial institutions with 24/7 client operations support, making their needs a priority with bespoke solutions.
Further, Anchorage’s time to transact—under 20 minutes—is unmatched in the market and offers a powerful competitive advantage.
Many of its clients in Asia select it for its strong regulatory status in the United States, where its national-level bank charter helps it to meet or exceed national standards for security, risk monitoring, safekeeping, fiduciary obligations, and compliance.
A variety of client types and use cases also show Anchorage ability to localize its products based on client needs.
These partnerships show that Anchorage has arrived in the region in a major way, representing a cross-section of its traditional players, crypto-native venture capital, hedge funds, and more.
“We appreciate Anchorage’s attention to regulatory compliance and vetting of the digital assets they support. Through their combination of crypto-native fluency and understanding of traditional finance needs, they continue to support us in expanding the adoption of digital assets,” said Will Chiu, Chief Investment Officer at Antalpha.
Meanwhile, Bitkub Exchange Co-Founder and Chief Executive Officer Atthakrit Chimplapibul said the firm chose to partner with Anchorage for many reasons, including its products, services, and security architecture.
“What sets them apart from others is the depth of their client support. They offer customized solutions so we can offer enhanced crypto services, with operations available at any time, any day of the week. Anchorage gives us the security of top-notch institutional custody, with the convenience of constant support and reliable, fast transactions,” he added.
Dream Trade Investment Director Willis Chen said Anchorage has changed industry standards for security architecture and breadth of services.
“Their team understood our needs from our earliest conversations and has helped us expand our crypto offerings. We are proud to bring our customers more ways to participate in crypto through our partnership with Anchorage—with the validation of the highest levels of security,” he added.
FBG Capital Founding Partner Shuoji Zhou said the group selected Anchorage for the broad range of tokens supported in its regulated institutional custody.
“What continues to impress us is the client-first responsiveness to our needs,” he added.
GMO-Z.com Trust Company Chief Executive Officer Ken Nakamura said Anchorage’s secure institutional platform advances the global expansion of crypto, a mission that the group shares through institutional adoption of stablecoins.
“We were impressed with how Anchorage adapts its products and services to local market needs, and look forward to building together over the long term,” he added.
IOSG Ventures Founding Partner Jocy Lin said the group selected Anchorage for the professional services and friendly user experience empowered by its technologies.
“We have the utmost confidence in Anchorage’s smooth and rigorous processes for digital asset custody,” she added.
According to the statement, the validation from partnering with these institutions shows that Anchorage is not only a growing player in the region, but that our offerings have strong global appeal.
It said it looks forward to deepen its relationships in the region to bring customized solutions and secure, regulated custody to Asia’s most important financial institutions—further expanding access to digital assets in this critical market.
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