Anchorage Digital, an institutional crypto platform, has collaborated with five additional Asia-based institutions as it expands across the area.
According to Anchorage, the partners include bitcoin exchange Bitkub, asset management business Dream Trade, blockchain investment firm FBG Capital, venture firm IOSG Ventures, and digital assets financial services provider Antalpha.
It has previously collaborated in the region with internet infrastructure provider GMO-Z.com Trust Company.
Anchorage, which was founded in 2017, was the first crypto bank in the United States to get a federal charter, which means it is regulated by the OCC. According to the corporation, many Asian clients chose the platform because of its solid regulatory position in the United States.
Will Chiu, Antalpha’s chief investment officer, said:
“We appreciate Anchorage’s attention to regulatory compliance and vetting of the digital assets they support. Through their combination of crypto-native fluency and understanding of traditional finance needs, they continue to support us in expanding the adoption of digital assets.”
According to the company co-founder and President Diogo Mónica, Asia’s financial institutions and rich investors have among the biggest crypto exposures in the world. However, in locations like Singapore, where Anchorage already has a 10-person office, the Monetary Authority of Singapore (MAS) has called for a crackdown on reckless crypto businesses.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu