Ondo Finance has recently announced an exciting development that Anchorage Digital has added two new coins including $USDY and $OUSG. It is one of the leading platform and custodian in the digital currency space. In addition to this, it is one of the industry’s leading crypto solutions providers that helps institutions get involved in the digital assets market. Some of these services are custody, governance, settlement, staking, trading, and strong security measures.
🌐 We are delighted to share that @Anchorage Digital, a regulated platform and custodian with the only federally chartered bank, now supports $USDY and $OUSG! 🌐🤝 Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody,… pic.twitter.com/RD7hsBq7LG
— Ondo Finance (@OndoFinance) June 6, 2024
Anchorage Digital Ensures Secure Custody for New Crypto Assets
Anchorage Digital, has been home to Anchorage Digital Bank N.A. It is the only federally chartered crypto bank1 in the US. In addition to the US, Anchorage Digital offers global institutional players a way to participate in crypto through Anchorage Digital Singapore, Porto by Anchorage Digital, and other products. Anchorage Digital, of which Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa are major backers, is a well-recognized name in the crypto space. It has established itself as a gold standard in terms of reliability and security.
President and COO at Ondo Finance, Justin Schmidt, also noted the importance of this partnership. This is because, according to him, institutions need Anchorage Digital to navigate the complexities of the digital asset landscape. Institutions can now confidently participate in the network and benefit from the secure custody solutions of Anchorage Digital.
Anchorage Digital Boosts Asset Coverage with $USDY and $OUSG
Anchorage Digital Co-founder & CEO Nathan McCauley excitedly announced the growth of their custody support. He said Anchorage Digital is excited to offer $USDY and $OUSG streaming from institution-financial expert. This integration highlights that Anchorage Digital is powering the expansion of digital assets and is rapidly expanding its asset coverage as a regulated crypto custodian globally.
This announcement is a major milestone for Anchorage Digital. Today, investors and institutions can now diversify their digital asset portfolio even more with $USDY and $OUSG. Further, this joint venture underscores cryptocurrencies secure custody solutions are becoming increasingly vital to attracting institutional adoption.
In an increasingly digital-first world, such partnerships help facilitate broader adoption and integration of cryptocurrencies into capital and trading markets, bolstering the ongoing realization of the future of finance through digital assets and innovations.