Anchorage Digital Launches Settlement Network for Institutional Clients in Cryptocurrency Trading
Anchorage Digital Launches Settlement Network for Institutional Clients
San Francisco-based cryptocurrency platform Anchorage Digital is making waves in the digital asset trading world with the launch of its own settlement network, Atlas. Co-founders Diogo Mónica and Nathan McCauley are leading the charge to provide institutional clients with a secure and regulated platform for clearing cryptocurrency transactions.
Atlas, also known as the Anchorage Digital Trusted Liquidity and Settlement network, aims to streamline the transfer of cryptocurrencies between buy-side and sell-side organizations, such as asset management firms, hedge funds, investment banks, and brokerages. Built on the federally regulated infrastructure of Anchorage Digital Bank, Atlas offers participants the highest levels of regulatory protections.
“We’re addressing the security, regulation, and operations risks that come with fragmented settlement networks,” said McCauley. The platform supports various types of settlements, including over-the-counter deals, margin and collateral management, and crypto to fiat transactions.
Anchorage Digital’s platform allows users to approve settlements and monitor their status through a user-friendly dashboard. The company has been expanding its suite of crypto-oriented products to cater to registered investment advisors and institutional investors since late last year.
In a landscape where regulatory scrutiny is increasing, innovative solutions like Atlas are paving the way for institutional adoption of digital assets. As more clarity and regulations are established, the industry is poised for further growth and development.
“We’re able to trade with more counterparties for more size. Our assets are never commingled, and we have complete autonomy over our trading accounts,” said Jeffrey Howard, managing director at Nonco, a crypto trading firm. With the launch of Atlas, Anchorage Digital is setting a new standard for secure and efficient cryptocurrency settlements in the institutional space.
