Cryptoeconomics

News, data and analysis on tokenized assets, market design and digital economic systems.

Custodian

Anchorage Digital

Issuer of record for other companies' regulated dollar tokens, including Tether's US token USAT and Western Union's USDPT, a role open to it because the Comptroller of the Currency has supervised it as a bank since January 2021.

Kind Custodian
Jurisdiction United States
Founded 2017
Stories filed 1

The profile

Federally chartered digital asset bank, supervised by the Office of the Comptroller of the Currency since January 2021, offering custody, staking, settlement and trading to institutions. The charter makes it one of the few US entities able to act as issuer of record for regulated dollar tokens: it issues Tether's US token USAT and Western Union's USDPT, and supports issuance for Ethena and OSL. That role places a federally supervised balance sheet between token holders and the reserve assets backing them.

Products and services

Anchorage Digital Bank custody
Federally chartered qualified custody for institutional digital asset holdings, including collateral and tokenized fund shares.
Stablecoin issuance services
Acts as regulated issuer of record for third-party dollar tokens, including Tether's USAT and Western Union's USDPT.

Coverage

Developments in which Anchorage Digital is a named party, newest first.

On the record

OCC conditionally approves the first national trust bank charter for a digital asset firm

The Office of the Comptroller of the Currency conditionally approved the conversion of Anchorage Trust Company, a South Dakota chartered trust company, into Anchorage Digital Bank, National Association, subject to an operating agreement setting capital, liquidity and risk management expectations. The charter created a federally supervised entity able to act as custodian and, later, as issuer of record for regulated dollar tokens.

The weekly read on onchain market economics

What issued, what settled, what the supervisors changed, with the numbers behind it and a note on what the numbers do not show. One email, Thursday mornings.

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