Search Results for "Anchorage Digital Bank"
4 results for "Anchorage Digital Bank"
Deals 4
Anchorage Digital Raises $100M from Tether at $4.2B Valuation
Anchorage Digital raised $100M from Tether at a $4.2B valuation, strengthening its crypto banking infrastructure. Anchorage Digital Bank N.A. holds a federal bank charter and supports stablecoin issuance. The investment deepens the relationship between stablecoin issuers and regulated crypto banking infrastructure.
OCC Issues BSA/AML Consent Order Against Anchorage Digital Bank
The OCC issued a consent order targeting BSA/AML compliance deficiencies at Anchorage Digital Bank, the first federally chartered digital asset bank. The action came just 15 months after the OCC granted Anchorage a conditional national trust bank charter in January 2021. The order highlights the regulatory scrutiny facing crypto-native institutions operating under bank charters.
OCC Conditionally Approves Protego Trust Company for Federal Trust Bank Charter
The OCC granted conditional approval to Protego Trust Company to convert to a federally-chartered trust bank. Protego, a Seattle-based crypto custody and trading provider, became the second crypto firm to receive a federal bank charter after Anchorage Digital Bank. The approval requires Protego to meet operational, capital, and compliance conditions within 18 months.
OCC Grants Anchorage First Federal Digital Asset Bank Charter
The OCC conditionally approved Anchorage Trust Company's charter conversion to become Anchorage Digital Bank, National Association, making it the first federally chartered digital asset bank. The approval allows Anchorage to provide fiduciary custody of digital assets, custody of cash deposits at FDIC-insured banks, and on-chain governance services. This landmark decision signals the OCC's willingness to extend national bank charters to virtual currency fintech firms.