Anchorage Digital Introduces Automation to Crypto Protocol Payments

Anchorage Digital is pleased to announce early access to programmatic transfers for protocols, “unlocking new efficiencies in treasury management.”

Anchorage Digital‘s external transfer API, the “first” from a federally chartered crypto bank, “reduces overhead and manual approvals of payment requests by enabling automated and high-volume withdrawals to whitelisted addresses.”

As the world of Web3 becomes increasingly competitive, protocols need “to focus on what matters most: blockchain innovation.”

Manually approving day-to-day business operations like payments to employees, investors, and vendors “is inefficient and takes valuable time away from protocol development.”

This is why Anchorage is launching its new external transfer API, “streamlining the payment process for protocols.”

Diogo Mónica, Co-Founder and President of Anchorage Digital, said:

“Blockchain protocols are leading the way in building the future of finance, but they have been held back by inefficiencies in meeting vesting obligations, making vendor payments, and running payroll using crypto. With the external transfer API, Anchorage will continue bringing Web3 efficiency to protocol business operations as part of our platform of offerings.”

The new external transfer API “enables greater efficiency in treasury management for key stakeholders across the entire protocol ecosystem, including employees, VC firms, and vendors.”

Employees can “receive assets according to a regular payroll or vesting schedule
VC firms can distribute earned assets to limited partners or other investors.”

Vendors can be “paid on a recurring basis including through USD Coin (USDC).”

Anchorage Digital has long been “trusted by protocols worldwide for fully integrated products that enable easy and efficient treasury management.”

Now, crypto projects can “leverage their new API for programmatic digital asset transfers to external partners.”

Built on safe and secure custody, Anchorage has “further solidified our position as the go-to destination for protocols.”

As covered earlier this year, Diogo Mónica (Co-founder and President at Anchorage Digital) and Nathan McCauley (Co-Founder and CEO of Anchorage Digital) wrote in a blog post that an OCC veteran is joining America’s first federally-chartered digital asset bank.

After a solid year where Anchorage Digital experienced a significant 175% growth in headcount, they’re pleased to announce a notable addition to their bank operations, Rachel Anderika, whose hire “continues the momentum–in a very significant way–into 2022.”

Rachel’s hire is just the latest sign of what they’ve made clear since their founding: Anchorage will continue to build their risk and compliance program to “meet the high bar set by the OCC as we grow.”

Sponsored Links by DQ Promote



Send this to a friend