Ondo Finance has made an exciting announcement about Anchorage Digital’s addition of two new coins, $USDY and $OUSG. Anchorage Digital is a prominent platform and custodian in the digital currency realm, offering industry-leading crypto solutions that assist institutions in entering the digital assets market. Their services include custody, governance, settlement, staking, trading, and robust security measures.
Anchorage Digital, home to Anchorage Digital Bank N.A., is the only federally chartered crypto bank in the US. With global offerings like Anchorage Digital Singapore and Porto by Anchorage Digital, it provides institutional players worldwide with the opportunity to engage in crypto. Backed by major supporters like Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, Anchorage Digital is a well-known name in the crypto industry, setting the gold standard for reliability and security.
Justin Schmidt, President and COO of Ondo Finance, emphasized the significance of the partnership with Anchorage Digital, stating that institutions rely on their secure custody solutions to navigate the complexities of the digital asset landscape. With the addition of $USDY and $OUSG, investors and institutions can further diversify their digital asset portfolios, highlighting the increasing importance of secure custody solutions for institutional adoption of cryptocurrencies.
Nathan McCauley, Co-founder & CEO of Anchorage Digital, expressed excitement about expanding their custody support to include $USDY and $OUSG, emphasizing the role of regulated crypto custodians in driving the growth of digital assets globally. This move signifies a significant milestone for Anchorage Digital and underscores the growing 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 an increasingly digital-first world. They contribute to the realization of the future of finance through digital assets and innovations, paving the way for a more inclusive and efficient financial ecosystem.