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News

Anchorage Digital Receives Important License Approval In New York

2 hours ago - Around 2 mins mins to read

Key Points:

  • Anchorage Digital’s subsidiary, Anchorage Digital NY, LLC, has received a BitLicense from the New York State Department of Financial Services.
  • The company plans to begin providing regulated services, including custody and trading, to institutional clients by early 2025.
Anchorage Digital, a crypto custody provider, announced that its subsidiary, Anchorage Digital NY, LLC, has received a BitLicense from the New York State Department of Financial Services.
Anchorage Digital Receives Important License Approval In New York

Read more: ARK 21Shares Bitcoin ETF Chooses Anchorage as New Custodian 

Anchorage Digital Receives BitLicense for New York Operations

The license would permit the company to extend its services in New York, one of the most important financial centres, and offer a wide range of cryptocurrency solutions to institutional clients, including custody, trading, and other financial services.

In a statement published on December 16, Anchorage disclosed that it plans to start providing these services in full by early 2025.

“Receiving a BitLicense is a major step forward for Anchorage Digital and the digital asset industry as a whole,” CEO Nathan McCauley stressed.

BitLicense, introduced by NYDFS back in 2015, has been issued to 33 companies so far, but Anchorage is not yet listed among the regulated entities on the NYDFS website.

Strategic Moves Ramp Up Anchorage’s Position in Crypto Market

BitLicense’s approval is key for Anchorage Digital to cement its presence in one of the strictest financial regulatory environments in the United States.

The latest development saw the company become the first federally chartered bank in the US to support liquid staking of Liquid Collective’s Liquid Staked ETH (LsETH). Anchorage has even joined teams with several partner organizations to officially announce the launch of its new stablecoin network, and it has a stablecoin rewards program with PayPal.

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.

Anchorage

Anchorage Digital

Anchorage Digital NY

bitlicense

new york

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Anchorage Digital Receives Important License Approval In New York

Key Points:

  • Anchorage Digital’s subsidiary, Anchorage Digital NY, LLC, has received a BitLicense from the New York State Department of Financial Services.
  • The company plans to begin providing regulated services, including custody and trading, to institutional clients by early 2025.
Anchorage Digital, a crypto custody provider, announced that its subsidiary, Anchorage Digital NY, LLC, has received a BitLicense from the New York State Department of Financial Services.
Anchorage Digital Receives Important License Approval In New York

Read more: ARK 21Shares Bitcoin ETF Chooses Anchorage as New Custodian 

Anchorage Digital Receives BitLicense for New York Operations

The license would permit the company to extend its services in New York, one of the most important financial centres, and offer a wide range of cryptocurrency solutions to institutional clients, including custody, trading, and other financial services.

In a statement published on December 16, Anchorage disclosed that it plans to start providing these services in full by early 2025.

“Receiving a BitLicense is a major step forward for Anchorage Digital and the digital asset industry as a whole,” CEO Nathan McCauley stressed.

BitLicense, introduced by NYDFS back in 2015, has been issued to 33 companies so far, but Anchorage is not yet listed among the regulated entities on the NYDFS website.

Strategic Moves Ramp Up Anchorage’s Position in Crypto Market

BitLicense’s approval is key for Anchorage Digital to cement its presence in one of the strictest financial regulatory environments in the United States.

The latest development saw the company become the first federally chartered bank in the US to support liquid staking of Liquid Collective’s Liquid Staked ETH (LsETH). Anchorage has even joined teams with several partner organizations to officially announce the launch of its new stablecoin network, and it has a stablecoin rewards program with PayPal.

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.