Securitize Cuts Out Stablecoin Middlemen in Deal With Anchorage Digital Bank
By Unchained
AI summary of the source article
Securitize will now create and redeem stablecoins directly through Anchorage Digital Bank, bypassing intermediaries. Under the deal, the federally chartered bank will handle the issuance, custody, and settlement of the tokens.
Why it matters
Nathan McCauley, Anchorage Digital’s co-founder and CEO, stated that “Regulated issuance is what lets tokenization reach institutional scale.”
Key facts
- Securitize partnered with Anchorage Digital Bank to directly mint and redeem stablecoins without intermediaries.
- Anchorage Digital Bank will issue the tokens, hold them in custody, and settle the transactions.
- Securitize operates tokenized fund infrastructure for firms including BlackRock, Apollo, and KKR, with over $4 billion in platform assets.
Source excerpt · Unchained
The tokenization firm, which has more than $4 billion in assets on its platform, now creates and redeems stablecoins at a federally chartered bank that also handles custody and settlement. The post Securitize Cuts Out Stablecoin Middlemen in Deal With Anchorage Digital Bank appeared first on Unchained .