Anchorage Digital has partnered with Securitize to provide direct stablecoin minting and redemption services for institutional investors trading tokenized assets.
Under the agreement, Securitize will be able to mint and redeem stablecoins directly through Anchorage Digital Bank, a federally chartered crypto bank in the US, without relying on third party intermediaries.
Anchorage Digital Bank will also manage custody and settlement, allowing institutions to access stablecoins issued under federal oversight through a single banking provider.
The partnership expands settlement infrastructure for Securitize, which supports more than $4 billion in tokenized assets through partnerships with BlackRock, Apollo, BNY, Hamilton Lane, KKR and VanEck.
Anchorage Digital expands regulated stablecoin infrastructure
Anchorage Digital Bank’s stablecoin ecosystem includes USDtb, issued in partnership with Ethena Labs, and USA₮, developed with Tether.
The partnership also strengthens the connection between stablecoins and tokenized traditional financial assets.
BlackRock’s BUIDL fund, tokenized through Securitize, serves as a major reserve asset backing USDtb. As of August 31, approximately 99% of USDtb’s $530 million in reserves were held in BUIDL, according to Anchorage Digital Bank’s reserve report.
Nathan McCauley, cofounder and CEO of Anchorage Digital, said the agreement would allow institutions to access federally issued digital dollars through the same infrastructure supporting tokenized investment products.
Securitize, which trades on the New York Stock Exchange under the ticker SECZ, has expanded its institutional tokenization business through partnerships with major asset managers and financial institutions.
The company also announced a partnership with the New York Stock Exchange in March to develop infrastructure for trading tokenized securities, including stocks and exchange traded funds.
The latest agreement extends Securitize’s infrastructure beyond tokenized securities to the stablecoins used to settle transactions, as financial institutions continue exploring blockchain technology for traditional financial markets.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.