Crypto
Anchorage unveils institutional crypto payment platform to cut pre-funding at exchanges
Anchorage Digital has launched a payment platform that lets institutional investors trade on crypto platforms while keeping assets deposited at a regulated bank. The company said its Coordinated Multiparty Settlement, or CMS, keeps assets at Anchorage Digital Bank throughout the trading process and links exchanges, prime brokers and institutions on a shared settlement layer. It aims to reduce exchange pre-funding and related counterparty and operational risks. Deployment begins with Spotex.
