Anchorage Digital Launches Unified Cash and Crypto Services

Anchorage Digital Launches Unified Cash and Crypto Services

Key Highlights

  • Anchorage Digital Bank, as the only federally chartered bank in the U.S., now allows its clients to send and receive global USD wire transfers alongside their cryptocurrency services on a single, regulated platform
  • This integration is designed to eliminate operational complexity for investors and institutions by providing a unified view of their combined crypto and USD holdings
  • The bank provides flexible access to these services through its web dashboard, iOS app, or API, all secured with institutional-grade protections

Anchorage Digital Bank,  the only federally chartered crypto bank in the U.S., has announced support for global USD wire transfers.

With this integration, Anchorage Digital Bank becomes the first crypto-based platform to “offer both cash and crypto services through a unified, federally regulated platform,” according to the official press release.

This development will allow Anchorage Digital users to hold, send, and receive both crypto and USD through Anchorage Digital Bank. 

Nathan McCauley, CEO of Anchorage Digital, said, “We’re eliminating the operational complexity of managing both cash and crypto. 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.”

Anchorage Digital Integrates Crypto with Traditional Finance

The evolution of the digital asset economy has created a growing need among investors for efficient ways to move between traditional money and crypto. 

There is also a need for a single, clear view of all their holdings across these different asset classes. This new service is built specifically to connect these two different worlds and address many of the common challenges faced by investors and companies in the crypto space. 

For any investor who holds both cryptocurrency and USD, the platform offers a consolidated snapshot of their entire portfolio. This allows for more streamlined management of their assets. Clients can combine their holdings, exchange between USD and crypto using the bank’s own trading desk, and earn competitive yields on eligible stablecoins.

This provides a way to generate returns on cash that would otherwise remain inactive. 

This development is particularly impactful for crypto startups and other innovators. These companies can now access dependable USD banking services, moving past the instability that has often troubled the industry in the past. 

Furthermore, international institutions will soon be able to simplify how they move USD into the United States. They can do this through a single, regulated partner, which helps reduce risks associated with currency exchange and lower operational costs. These institutions can use their USD to create stablecoins, transfer funds more efficiently, and earn rewards on their stablecoin holdings. 

Advantages of a Single Integrated Platform

Clients who use Anchorage Digital Bank to protect their assets gain access to the full benefits of this integrated system. They have flexible options for accessing the platform, allowing them to manage all assets and conduct transfers through an institutional web dashboard, a dedicated iOS application, or by using a comprehensive API for automated processes, all protected by the bank’s renowned security standards. 

The platform enables seamless USD transfers, making it simple to send or receive USD in an Anchorage Digital account and add new counterparties in just a few steps. It also provides secure settlement, allowing users to settle transactions with USD on the bank’s Atlas settlement network to improve capital efficiency during trading. 

Clients can efficiently convert their USD into any of hundreds of supported digital assets via the integrated trading desk. Additionally, they can create stablecoins using their USD and earn rewards on selected stablecoins like PYUSD and USDG. 

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