Anchorage Becomes First OCC-Approved National Crypto Bank
The crypto industry has its first federally chartered bank: Anchorage.
The custodian’s bank charter allows it to hold digital assets for broker-dealers and their clients, said Anchorage CEO Nathan McCauley.
The pilot marks the first time Visa has accepted a cryptocurrency payment in lieu of cash for its services.
The TRIBE governance token’s FEI stablecoin project recently saw whales making gains and retail getting rekt.
Further proof that centralized custodians can support the decentralized web, said Anchorage co-founder Diogo Mónica.
The round in the crypto custodian was led by GIC, Singapore’s sovereign wealth fund.