Ondo Finance has recently shared an exciting update that Anchorage Digital has included two new coins, namely $USDY and $OUSG. Anchorage Digital is a prominent platform and custodian in the digital currency sphere, offering industry-leading crypto solutions that enable institutions to venture into the digital assets market. Their array of services includes custody, governance, settlement, staking, trading, and robust security measures.
Anchorage Digital, known for being the only federally chartered crypto bank in the US, has now extended its secure custody services to accommodate the new crypto assets. With global offerings such as Anchorage Digital Singapore and Porto by Anchorage Digital, the platform provides institutional players worldwide with a gateway to participate in the crypto market. Backed by major investors like Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, Anchorage Digital has established itself as a trusted name in the crypto industry, setting high standards for reliability and security.
President and COO of Ondo Finance, Justin Schmidt, emphasized the significance of the partnership with Anchorage Digital, highlighting the necessity for institutions to have a reliable partner in navigating the complexities of the digital asset landscape. Institutions can now confidently engage with the network and leverage Anchorage Digital’s secure custody solutions.
Anchorage Digital’s Co-founder & CEO, Nathan McCauley, expressed enthusiasm about the expansion of their custody support to include $USDY and $OUSG. This development indicates Anchorage Digital’s commitment to broadening its asset coverage as a regulated crypto custodian on a global scale. The inclusion of these new coins presents an opportunity for investors and institutions to further diversify their digital asset portfolios, reinforcing the growing importance of secure custody solutions in attracting institutional adoption of cryptocurrencies.
Partnerships like the one between Ondo Finance and Anchorage Digital play a crucial role in driving the adoption and integration of cryptocurrencies into capital and trading markets, paving the way for the future of finance through digital assets and technological innovations.