Anchorage unveils business-to-crypto integration platform

finextra.com:

The service will allow fintechs to use APIs to expand outside the crypto industry by participating in markets, navigating crypto payment gateways, and launching financial products.

Diogo Mónica, co-founder and president of Anchorage Digital, stated: “Five years ago, Anchorage was forged by the demand for secure crypto custody by institutional clients. Security is in our DNA, and we’ve built that layer into every use case we’re announcing today. Today’s financial services institutions not only want to custody their own crypto balance sheets with us, they want to offer crypto products to their customers or use crypto in novel ways. ‘Build With Anchorage’ enables them to tap into the crypto economy. They see what we see: Every business will be a crypto business.”

The San Francisco-based company’s new offering creates a way for clients to produce their own crypto solutions and launch them to the market. The customisable aspect of this service appeals to innovative fintechs which have used ‘Build with Anchorage’ to embed crypto into their platforms.

Companies that have employed the new offering include AngelList and Series Financial.

Anchorage was the first federally chartered digital asset bank in the US, and has extended the benefits of its charter to the services in ‘Build with Anchorage’.

Earlier this year, Anchorage Digital was issued with a consent order by the Officer of the Comptroller of the Currency over failures to comply with the Bank Secrecy Act.