Anchorage Digital, the most trusted crypto partner for institutions, is pleased to introduce Atlas (Anchorage Digital Trusted Liquidity and Settlement)—the groundbreaking global network poised to revolutionize settlement of both digital assets and US dollars, and the only settlement network offered by a federally chartered bank.

Atlas is purpose-built for all types of institutional counterparties including buy- and sell-side, and exchanges. Atlas facilitates a wide range of settlements, including OTC settlement, OTC margin/collateral management, and off-exchange settlement. Since its early access launch earlier this year, Atlas is already settling hundreds of millions of dollars in digital assets.

“The maturing crypto market needs Atlas: a streamlined place for all kinds of settlement across counterparties with the regulated, intuitive infrastructure of Anchorage Digital Bank.”

—Nathan McCauley, Co-Founder and CEO, Anchorage Digital

Atlas brings regulatory oversight at the highest level, proven security architecture, and a superior trade settlement experience, eliminating back-office work.

Solving beyond today’s nascent networks

Today’s crypto settlement network models compromise on asset safety because they lack the regulatory clarity of a federal bank charter and employ less secure technologies. They also offer a sub-optimal user experience that yields operational inefficiencies necessitating back office work.

Regulated at the highest level

The level of regulatory compliance at Anchorage Digital is unmatched, as our bank is mandated by statutes set by our regulator, the Office of the Comptroller of the Currency (OCC), to keep assets segregated with verifiable wallet addresses, and to ensure funds settle to bankruptcy-remote custody. As a federally regulated qualified custodian, some of the biggest counterparties in crypto turn to Anchorage Digital Bank N.A. as the only provider that unequivocally helps them meets their fiduciary obligations.

“We are supportive of institutional solutions that unlock best execution tools while mitigating counterparty risk and cultivating deep, liquid, and accessible markets. Congratulations to Anchorage Digital on the launch of Atlas.”

—Chris Perkins, President at CoinFund 

Better security through better technology

Atlas is powered by the same proprietary hardware security module (HSM)-based technology that’s made our name synonymous with secure, yet highly-accessible custody. Anchorage Digital security combines cryptographic integrity with a policy engine powered by FIPS-140-2 and our proprietary methods of organization and asset recovery.

“Atlas offers the greatest level of security, paired with the best speed and efficiency. These features allow us to minimize delivery risk for time-sensitive transactions.”  

—Tony Acuña-Rohter, CEO of EDX Clearing

Eliminating back-office work through a superior experience

Lastly, Atlas creates a better experience settling between counterparties—with funds available 24/7 and flexibility to settle in both crypto and USD in as little as minutes over a network built for scale and high-throughput use. Participants can transfer or settle many types of assets in a single operation, minimizing overhead. As an all-in-one settlement network, participants can settle in two steps: fund and accept. Atlas participants can access global counterparties, including clients of both Anchorage Digital Bank and Anchorage Digital Singapore. Most importantly, settlement is fully on-chain and not reliant on settlement providers’ books, so your assets are never commingled and don’t leave your on-chain addresses until the moment of settlement.

“We’re able to trade with more counterparties for more size. Our assets are never commingled and we have complete autonomy over our trading accounts. This is a huge step in how a settlement network should work.” 

—Jeffrey Howard, Managing Director at Nonco

Anchorage Digital is the only custodian to provide on-demand settlement directly between participants without escrow, collateral, or the use of omnibus accounts. This provides the greatest trust, the least friction, and the most efficient capital management of any settlement network, and we’re continuing to add new participants and build additional functionality daily. To begin settling safely through Anchorage Digital, please click here to learn more.

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Settlement services are offered by Anchorage Digital Bank National Association and Anchorage Digital Singapore Pte, Ltd. This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.