Ondo Finance recently made an exciting announcement that Anchorage Digital has introduced two new coins, $USDY and $OUSG. Anchorage Digital is a leading platform and custodian in the digital currency industry, offering a range of services such as custody, governance, settlement, staking, trading, and robust security measures. The company is known for providing top-notch crypto solutions to institutions looking to enter the digital assets market.
Anchorage Digital, a regulated platform and custodian with the only federally chartered bank, has expanded its support to include $USDY and $OUSG. This move allows institutional players to engage in digital assets through secure custody services provided by Anchorage Digital.
Anchorage Digital, home to Anchorage Digital Bank N.A., is the only federally chartered crypto bank in the US. The company also offers services globally through Anchorage Digital Singapore, Porto by Anchorage Digital, and other products. Backed by major investors such as Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, Anchorage Digital has established itself as a reliable and secure name in the crypto space.
Justin Schmidt, President and COO at Ondo Finance, emphasized the significance of the partnership with Anchorage Digital. He highlighted the importance of institutions relying on Anchorage Digital to navigate the complexities of the digital asset landscape and benefit from its secure custody solutions.
Nathan McCauley, Co-founder & CEO of Anchorage Digital, expressed excitement about the expansion of their custody support to include $USDY and $OUSG. This development demonstrates Anchorage Digital’s commitment to enhancing its asset coverage and catering to the growing needs of institutional investors globally.
The addition of $USDY and $OUSG to Anchorage Digital’s offerings marks a significant milestone, allowing investors and institutions to further diversify their digital asset portfolios. This partnership underscores the increasing importance of secure custody solutions in attracting institutional adoption of cryptocurrencies.
Partnerships like these 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 innovations in an increasingly digital-first world.