Digital asset bank Anchorage will soon power EDX Markets custody service. According to a release by the firm, the institutional crypto exchange EDX will utilize Anchorage for its clearinghouse service or EDX Clearing.
EDX is a new digital asset marketplace aiming to provide services to crypto-native firms and the world’s largest financial institutions. Jamil Nazarali, CEO of EDX, says his company is committed to bringing the best traditional finance market structures to the digital asset ecosystem.
“Anchorage Digital has a robust security, governance, risk and compliance framework, which will provide a best-in-class solution to meet the needs of our institutional client base. As the only federally chartered crypto bank in the US, Anchorage Digital Bank is the ideal partner to support EDX’s build of a robust and compliant clearinghouse business.”
Anchorage Digital is the one and only federally chartered bank that is providing compliant crypto services. Diogo Mónica, co-founder and President of Anchorage, says they are unlocking the “next phase of institutional crypto.”
EDX launched trading in June 2023 and is backed by multiple large financial institutions, including Citadel Securities, Fidelity Digital Assets, Virtu Financial, Charles Schwab, Sequoia, Paradigm, and more.
