Ondo Finance has recently made an exciting announcement that Anchorage Digital has introduced two new coins, namely $USDY and $OUSG. Anchorage Digital is a prominent platform and custodian in the digital currency realm, providing top-notch crypto solutions to institutions looking to enter the digital assets market. Their array of services includes custody, governance, settlement, staking, trading, and robust security measures.
Anchorage Digital, a regulated platform and custodian with the only federally chartered bank, has now added support for $USDY and $OUSG, as shared by Ondo Finance on Twitter. This move allows institutions to engage in digital assets through secure custody solutions provided by Anchorage Digital.
Anchorage Digital, home to Anchorage Digital Bank N.A., is the sole federally chartered crypto bank in the US. With the backing of major players like Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, Anchorage Digital has set the gold standard for reliability and security in the crypto space. They offer global institutional players the opportunity to participate in crypto through various products and services.
Justin Schmidt, President and COO at Ondo Finance, emphasized the significance of this partnership, stating that institutions require Anchorage Digital to navigate the complexities of the digital asset landscape. With Anchorage Digital’s secure custody solutions, institutions can confidently engage in the network.
Nathan McCauley, Co-founder & CEO of Anchorage Digital, expressed excitement about the expansion of their custody support to include $USDY and $OUSG. This development showcases Anchorage Digital’s commitment to enhancing digital assets and broadening its asset coverage as a regulated crypto custodian on a global scale.
The addition of $USDY and $OUSG to Anchorage Digital’s portfolio marks a significant milestone. Investors and institutions now have the opportunity to further diversify their digital asset portfolios. This joint venture underscores the increasing importance of secure custody solutions in attracting institutional adoption of cryptocurrencies.
Partnerships like these play a crucial role in promoting the broader adoption and integration of cryptocurrencies into capital and trading markets in a digital-first world. They contribute to the ongoing evolution of the financial landscape through digital assets and innovations.