Anchorage Brings Direct Stablecoin Minting to Securitize
By Rick Steves
AI summary of the source article
Anchorage Digital has partnered with Securitize to provide direct minting and redemption of stablecoins issued by Anchorage Digital Bank, N.A. The partnership allows institutions on Securitize to access digital dollars directly rather than relying on intermediaries.
Why it matters
Anchorage Chief Executive Nathan McCauley stated that "federally supervised issuance can help tokenisation reach institutional scale," while Securitize Chief Executive Carlos Domingo noted that "the cash side of a digital transaction should meet scrutiny similar to the securities side."
Key facts
- Anchorage Digital partnered with Securitize to enable direct minting and redemption of stablecoins issued by Anchorage Digital Bank, N.A.
- Securitize reported $4.3 billion in tokenised assets under management and supports funds associated with BlackRock, Apollo, and KKR.
- Anchorage provides custody and settlement services under the deal, with funds held in segregated accounts at a national trust bank.
Source excerpt · FinanceFeeds
Anchorage Digital has partnered with Securitize to provide direct minting and redemption of stablecoins issued by Anchorage Digital Bank, N.A. Institutions transacting on Securitize will be able to access eligible digital dollars through a primary relationship with the issuing bank rather than sourcing them solely through intermediaries. The deal targets a specific gap in tokenised markets: instit…