Ondo Finance has recently shared an exciting update regarding Anchorage Digital’s inclusion of two new coins, namely $USDY and $OUSG. Anchorage Digital is a prominent platform and custodian within the digital currency realm, offering a range of services such as custody, governance, settlement, staking, trading, and robust security measures. Notably, the company is a leading provider of crypto solutions, assisting institutions in entering the digital assets market.
Anchorage Digital, a regulated platform and custodian with the distinction of being the only federally chartered bank, has expanded its support to include $USDY and $OUSG. This development allows institutional players to engage in digital assets through custody services offered by Anchorage Digital, which has garnered support from big names like Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa.
President and COO of Ondo Finance, Justin Schmidt, emphasized the significance of this partnership, stating that institutions rely on Anchorage Digital to navigate the complexities of the digital asset landscape. With secure custody solutions provided by Anchorage Digital, institutions can confidently participate in the network and reap the benefits.
Anchorage Digital’s Co-founder & CEO, Nathan McCauley, expressed enthusiasm about the expansion of their custody support to include $USDY and $OUSG. This development signifies Anchorage Digital’s commitment to broadening its asset coverage as a regulated crypto custodian on a global scale, further facilitating the diversification of digital asset portfolios for investors and institutions.
The inclusion of $USDY and $OUSG marks a significant milestone for Anchorage Digital, underscoring the increasing importance of secure custody solutions in attracting institutional adoption of cryptocurrencies. Such partnerships play a crucial role in driving the integration of digital assets into capital and trading markets, paving the way for the future of finance through digital innovations.