Ondo Finance 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 within the digital currency industry, offering a range of services such as custody, governance, settlement, staking, trading, and robust security measures. This development signals Anchorage Digital’s commitment to providing innovative crypto solutions to institutions looking to enter the digital assets market.
The news was shared on Twitter by Ondo Finance, expressing delight in Anchorage Digital’s support for $USDY and $OUSG. Anchorage Digital is known for being a regulated platform and custodian with the distinction of being the only federally chartered crypto bank in the US. Backed by major investors like Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, Anchorage Digital has earned a reputation as a reliable and secure player in the crypto space.
Justin Schmidt, President and COO of Ondo Finance, emphasized the significance of partnering with Anchorage Digital. He highlighted the importance of institutions leveraging Anchorage Digital’s expertise to navigate the complexities of the digital asset landscape, providing them with secure custody solutions to participate confidently in the network.
Nathan McCauley, Co-founder & CEO of Anchorage Digital, shared his excitement about expanding their custody support to include $USDY and $OUSG. This move demonstrates Anchorage Digital’s commitment to enhancing its asset coverage and facilitating the growth of digital assets globally as a regulated crypto custodian.
The addition of $USDY and $OUSG to Anchorage Digital’s portfolio marks a significant milestone for the company. Investors and institutions can now further diversify their digital asset portfolios, with the joint venture underscoring the increasing importance of secure custody solutions in attracting institutional adoption of cryptocurrencies.
Partnerships like these play a crucial role in driving the broader adoption and integration of cryptocurrencies into capital and trading markets, advancing the future of finance through digital assets and technological innovations in a digital-first world.