Ondo Finance has recently made an exciting announcement regarding Anchorage Digital’s addition of two new coins, $USDY and $OUSG. Anchorage Digital is a top-tier platform and custodian in the digital currency realm, offering a variety of services such as custody, governance, settlement, staking, trading, and robust security measures. They are a leading provider of crypto solutions for institutions looking to enter the digital assets market.
The recent news from Ondo Finance’s official Twitter account showcases the support for $USDY and $OUSG by Anchorage Digital, a regulated platform and custodian that boasts the distinction of being the only federally chartered bank in the crypto space. This development allows institutional players to engage in digital assets securely through Anchorage Digital’s various offerings, including its global presence in locations like Singapore and Porto.
Anchorage Digital, backed by notable investors like Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, has solidified its reputation as a trustworthy and secure player in the crypto industry. This partnership with Ondo Finance underscores the importance of secure custody solutions in navigating the complexities of the digital asset landscape for institutions, enabling them to confidently participate in the network.
CEO Nathan McCauley of Anchorage Digital expressed enthusiasm about the expansion of their custody support to include $USDY and $OUSG, emphasizing the company’s commitment to driving the growth of digital assets and enhancing asset coverage as a regulated crypto custodian on a global scale. This milestone allows investors and institutions to diversify their digital asset portfolios further, highlighting the increasing significance of secure custody solutions in attracting institutional adoption of cryptocurrencies.
Such collaborations between Ondo Finance and Anchorage Digital play a crucial role in promoting the broader adoption and integration of cryptocurrencies into capital and trading markets, advancing the future of finance through digital assets and innovations in the increasingly digital-first world.