Former Goldman Sachs Exec Joins Anchorage Digitals Board of Directors

Anchorage Digital is the only crypto bank currently chartered by the Office of the Comptroller of the Currency (OCC). Other institutions, including Paxos and Protego, have attempted to receive a full charter from the OCC but have failed to move past the provisional charter hurdle. With the boom of institutional interest in crypto spurred by [...]

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SEC Reviews BlackRocks Ethereum ETF: In-Kind Redemption Proposal

The U.S. Securities and Exchange Commission (SEC) has acknowledged BlackRock’s application for in-kind redemptions in its Ethereum Exchange-Traded Fund (ETF). This is a major step in the approval process for BlackRocks spot-based Ethereum ETF. The SEC has opened a 240-day window for public comments before making its final decision on the proposed changes. BlackRocks Ethereum […]

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Institutional Bitcoin Adoption: Insights from Nathan McCauley, CEO of Anchorage Digital

The CEO of the first federally-chartered bitcoin bank believes that institutions are ready to engage with Bitcoin and that his company is well-positioned to serve them.

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Apollo Teams Up With Anchorage to Expand its Product Offering

Apollo Global Manage and Anchorage have partnered to expand the former's crypto products (Read More)

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pSTAKE partners with Anchorage Digital to allow institutions to hold PSTAKE token

Liquid staking protocol pSTAKE finance has partnered with Anchorage Digital, a regulated cryptocurrency platform providing institutions with integrated financial services and infrastructure solutions. Anchorage was the first crypto company to receive an operational national bank charter in the US.

Following the partnership, Anchorage will allow institutions to securely hold pSTAKE finance’s governance token, PSTAKE, which is an important support for the pSTAKE economy. Besides providing an opportunity for institutions to participate in pSTAKE finance, it also expands the number of participants.

Being a multi-chain protocol for unlocking liquidity for staked assets, pSTAKE is one of the leading staking solutions for BNB Chain and Cosmos. It allows Proof-of-Stake (PoS) asset-holders to receive rewards without sacrificing the liquidity of their assets. This unlocks the full potential of PoS tokens.

Commenting on the partnership, the President and Co-Founder of Anchorage Digital, Diogo Mónica, said:

“Institutions are especially interested in participating in the Cosmos ecosystem, and Anchorage is mission-driven to give them access to the many staking protocols emerging, including pSTAKE.”

Commenting on the advantages of the partnership, the Founder of Persistence, Tushar Aggarwal, said:

“Anchorage has proved to be the industry-leading digital asset custodian, and we are delighted to partner with them to accelerate the next phase of growth for pSTAKE. Anchorage brings both security and a strong user experience, and we’re pleased institutions can now leverage pSTAKE’s liquid staking solution to maximize capital efficiency for their assets. A win-win for both ecosystems.”

The most recent liquid staking solution to be added to pSTAKE is the stkBNB, which is a BNB liquid staking solution. Earlier, the protocol added liquidity staking solutions for Cosmos and Ethereum which just transitioned from being a proof-of-work (PoW) token to a PoS token after the Merge upgrade.

pSTAKE has raised more than $20 million through public and strategic token sales and it aims at building a highly integrated and accessible ecosystem. Anchorage will help by providing industry-leading custodial solutions for institutions.

The post pSTAKE partners with Anchorage Digital to allow institutions to hold PSTAKE token appeared first on Invezz.

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Anchorage Digital Failed Anti-Money Laundering Rules

Crypto bank aims to become the premier digital asset platform for institutions.

Continue reading Anchorage Digital Failed Anti-Money Laundering Rules at DailyCoin.com.

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Anchorage Digital opens up DeFi voting for custody clients

Anchorage joins AAVE, Lido and BitDAO in adopting the off-chain voting platform Snapshot.

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Crypto bank Anchorage Digital cuts 20% of staff, citing regulatory uncertainty

It’s unclear whether Anchorage Digital’s layoffs relate to the current turmoil in the United States banking sector.

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NYDFS approves BitLicense for Anchorage Digital subsidiary

With the addition of Anchorages New York arm, the New York financial regulator has approved 34 companies since the BitLicense scheme launched in 2015.

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Crypto firms launch the Global Dollar stablecoin to boost adoption

The Global Dollar is issued out of Singapore by Paxos and is “substantially compliant” with the MAS Tether’s USDT stablecoin accounts for more than 75% of the market Kraken’s co-founder said there is a “lack of competition” in the stablecoin market A group of cryptocurrency and financial technology companies have introduced a joint stablecoin, the […]

The post Crypto firms launch the Global Dollar stablecoin to boost adoption appeared first on CoinJournal.

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Hut 8 pays off $38M Anchorage Digital loan as it looks at AI expansion

Anchorage Digital converted the debt into common stock at a 51% premium.

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