Digital Asset Bank Anchorage Digital Adds Registered Investment Advisor Service

Anchorage Digital, a federally chartered digital asset bank, has added a Registered Investment Advisor (RIA) service to its portfolio of offerings. Anchorage focuses on the institutional market.

RIAs are registered entities that can provide recommendations on investments and are required to act on behalf of a clients best interest. The RIA works with Anchorage Digital to provide custody and settlement services. Anchorage is working with Eaglebrook Advisors and Onramp Invest, part of Securitize, to provide these services. The company adds that Anchorage Hold can provide RIAs access to liquidity, a key element in trading. Eaglebrook is an SEC-registered investment advisor that works with over 50 RIAs and has over 650 financial advisors. Onramp is a platform that connects financial professionals to tokenized alternative assets for clients.

Last month, Anchorage announced that it had partnered with Eaglebrook to provide financial advisors with streamlined access to crypto SMAs [separately managed accounts].

Diogo Mónica, President and co-founder of Anchorage Digital, explained that after the recent custody rule incorporated by the SEC, the demand for a qualified crypto custodian has increased. Mónica said that by leveraging their status as the only OCC-chartered digital asset bank, their offering enables RIAs to access the digital asset class through safe, secure, and regulated infrastructure.

“By covering the full range of the trading cycle—from custody, execution, settlement, and even post-execution tax features—Anchorage Digital is proud to partner with leading RIAs to unlock the next generation of crypto adoption.”

Eaglebrook needed a custody and trading partner, said Christopher King, CEO and founder of Eaglebrook Advisors, and the selected Anchorage.

Onramp CEO Eric Ervin said it is their goal to “break down barriers for financial partners” to access digital assets. By partnering with Anchorage, this is a step in that direction.

Anchorage added that it has also partnered with TaxBit to provide a tax and accounting service for their customers.


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