Anchorage Digital

First OCC-chartered crypto bank in the U.S. (Jan 2021), and the only one with a full national trust bank charter. Tens of billions in custody. $4.2B valuation after Tether's $100M investment in Feb 2026. Custodies BUIDL, USDY, and USDM1 (Marshall Islands sovereign treasury). Sole U.S. issuer of USDtb (Ethena), USAT (Tether), and USDPT (Western Union). Acquired Securitize's advisory unit. Targeting a 2026-2027 IPO. Bridge, Protego, and Crypto.com received OCC conditional approvals in Feb 2026. April 30, 2026: partnered with M0 to power a unified regulated stablecoin issuance stack. M0 brings modular design, Anchorage brings the regulated backend.

• Apr 30, 2026WIRED

  Anchorage Digital → M0. Joint regulated stablecoin issuance stack. M0 brings modular design and interoperability, Anchorage brings the federally-chartered backend for issuance, custody, and reserves. One pre-integrated path for fintechs and payment platforms launching their own US-regulated dollar.

• Apr 29, 2026WIRED

  Anchorage Digital now custodying USDM1, the Marshall Islands sovereign tokenized treasury. $4.2B valuation post Tether's $100M check Feb 2026.

Asset value

~$50B

Spec type

custodian

Charter

OCC national trust bank

Specialty

Digital-asset native

Notable clients

USDPT issuance (Western Union), BlackRock + Apollo custody

Founded

2017

Asset classes

Treasuries, Private credit, Equities, Commodities

Regulatory

sec-reg-d, sab-121

1. May 2026Issued Western Union's USDPT stablecoin on Solana
2. Apr 2026M0 partnership: unified regulated stablecoin issuance stack for fintechs and payment platforms
3. Feb 2026Tether $100M strategic investment, $4.2B valuation, first employee tender offer
4. Sep 2025Selected by Tether as USAT stablecoin issuer
5. Aug 2025Cleared 2022 OCC consent order on BSA/AML
6. Jan 2021First crypto firm to receive OCC national trust bank charter