Ondo Finance has made an exciting announcement that Anchorage Digital has added two new coins, $USDY and $OUSG, to its platform. Anchorage Digital is a leading platform and custodian in the digital currency space, providing various services such as custody, governance, settlement, staking, trading, and robust security measures. This development is a significant step in enabling institutions to participate in the digital assets market.
Anchorage Digital, known for being the only federally chartered crypto bank in the US, offers its services globally through entities like Anchorage Digital Singapore and Porto by Anchorage Digital. 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 industry, setting a high standard for reliability and security.
Justin Schmidt, President and COO of Ondo Finance, emphasized the importance of the partnership with Anchorage Digital. He highlighted how institutions rely on Anchorage Digital to navigate the complexities of the digital asset landscape, enabling them to confidently participate in the network and benefit from secure custody solutions.
Nathan McCauley, Co-founder & CEO of Anchorage Digital, expressed his excitement about expanding custody support to include $USDY and $OUSG. This move signifies Anchorage Digital’s commitment to broadening its asset coverage and facilitating the growth of digital assets as a regulated custodian on a global scale.
The addition of $USDY and $OUSG to Anchorage Digital’s portfolio marks a significant milestone in the realm of cryptocurrencies. Investors and institutions now have more options to diversify their digital asset portfolios, further emphasizing the importance of secure custody solutions in driving institutional adoption of cryptocurrencies.
Partnerships like the one between Ondo Finance and Anchorage Digital play a crucial role in promoting the adoption and integration of cryptocurrencies into financial markets. These collaborations contribute to the ongoing evolution of finance through digital assets and innovative solutions in an increasingly digital-first world.
