Ondo Finance has recently made an exciting announcement regarding Anchorage Digital’s addition of two new coins, $USDY and $OUSG. Anchorage Digital is a prominent platform and custodian in the digital currency industry, offering a wide range of services such as custody, governance, settlement, staking, trading, and robust security measures. This development marks a significant step in enabling institutions to participate in the digital assets market.
Anchorage Digital, known for being home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the US, has now expanded its services globally to cater to institutional players. Backed by major investors such as Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, Anchorage Digital has established itself as a trusted name in the crypto space, setting a high standard for reliability and security.
President and COO of Ondo Finance, Justin Schmidt, emphasized the importance of this partnership, highlighting how institutions can now navigate the complexities of the digital asset landscape with the secure custody solutions provided by Anchorage Digital. This collaboration paves the way for institutions to confidently engage in the digital assets market and benefit from Anchorage Digital’s expertise.
Anchorage Digital’s Co-founder & CEO, Nathan McCauley, expressed his excitement about the expansion of their custody support to include $USDY and $OUSG, signaling the company’s commitment to powering the growth of digital assets globally. This milestone allows investors and institutions to further diversify their digital asset portfolios, reinforcing the growing importance of secure custody solutions in attracting institutional adoption of cryptocurrencies.
As the world increasingly embraces digital-first solutions, partnerships like this one between Ondo Finance and Anchorage Digital play a crucial role in driving the integration of cryptocurrencies into capital and trading markets. This collaboration aligns with the ongoing evolution of finance through digital assets and innovations, shaping the future of the industry.