Company Research Report: Anchorage Digital
Company Overview
- Name: Anchorage Digital
- Mission: Anchorage Digital is a crypto platform that enables institutions to engage in digital assets through custody, staking, trading, governance, settlement, and the leading security infrastructure in the industry.
- Founded: 2017
- Founders: Nathan McCauley (Co-Founder and CEO), Diogo Mónica (Co-Founder and President)
- Headquarters: San Francisco, California
- Number of Employees: 201 - 500 employees
- Revenue: No information is available.
- Key People:
- Nathan McCauley, Co-Founder and CEO
- Diogo Mónica, Co-Founder and President
- TuongVy Le, General Counsel
- Notable Investors: Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa
- Valuation: Series D valuation over $3 billion
- Known For: Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S.
Products and Services
Custody
- Description: Anchorage Digital provides secure, segregated, and verifiable digital asset custody backed by advanced security infrastructure.
- Key Features:
- Secure storage with hardware security modules
- Quorum-based approval and biometric authentication
- Bankruptcy-remote and federally regulated
Staking
- Description: Anchorage Digital offers staking services directly from secure custody with options for flexible delegation.
- Key Features:
- Supports multiple staking assets like Ethereum
- Automatic re-delegation and detailed reporting
- At-launch support for new blockchain protocols
Trading
- Description: Provides advanced trading capabilities for institutions with global liquidity access and enhanced analytics.
- Key Features:
- Seamless API connectivity for trading
- Multiple order types and rapid settlement
- Discrete trading and capital efficiency
Governance
- Description: Allows institutions to participate in protocol governance through simplified and secure on-chain processes.
- Key Features:
- Snapshot voting integration
- Offline participation with on-chain assets
- Support for ERC-20 governance proposals
Settlement
- Description: Atlas, the trusted liquidity and settlement network, offers simultaneous and secure crypto and USD settlements.
- Key Features:
- On-chain settlement, integrated with custody
- Enhanced capital efficiency
- Flexible settlement timing, 24/7 operations
Self-Custody Wallet
- Description: Porto by Anchorage Digital offers an institutional self-custody wallet with web3 access and integration.
- Key Features:
- Biometrically secured, user-initiated governance and staking
- Support for extensive token interactions
- Designed for seamless Ethereum smart contract compliance
Stablecoin Rewards
- Description: Provides rewards for institutions holding stablecoins with Anchorage Digital.
- Key Features:
- Fully safeguarded, segregated assets
- No lending or rehypothecation
- Easy integration with existing services
Recent Developments
- New Products Launched:
- Introduced "Porto", an institutional self-custody wallet offering secure and simple accessibility to digital asset functionalities.
- Launched "Atlas" – the industry’s first settlement network by a federally regulated custodian.
- Snapshot Governance feature introduced for ERC-20 token voting.
- New Features Added:
- Expanded custody support for SPL Tokens on Solana, enabling secure institutional holdings.
- Enhanced capabilities for USD deposits and custody, integrated with the Anchorage Digital Bank's interface.
- New Partnerships and Appointments:
- TuongVy Le, an SEC veteran, appointed as General Counsel.
- Partnerships with firms to expand stablecoin rewards program to holders of PayPal USD, and others.
This detailed report highlights Anchorage Digital's commitment to providing a robust and secure platform tailored for institutional investors, reinforced by its status as a federally chartered crypto bank. Anchorage continues to innovate by integrating traditional banking capabilities with cutting-edge digital asset services, marking a significant evolution in the financial technology landscape.
