Anchorage Digital Bank has announced a partnership with Onramp Invest to offer regulated crypto products to financial advisors.
Onramp is part of Securitize – a top US-based tokenization firm. Anchorage is the only federally chartered digital asset bank that offers custody which has focused on serving institutions. Onramp is said to serve a community of RIAs [registered investment advisors] representing over $40 billion in cumulative AUM.
As part of the partnership, the two companies said they were offering an “industry first” block trading feature.
Anchorage stated that by allowing for the execution of large crypto trades their service can “unlock significant efficiency and cost savings for financial advisors and their end clients.” The new feature is available to financial advisors using
CEO of Anchorage Nathan McCauley said for RIAs, custody is essential for compliance.
“As the only OCC-chartered digital asset bank, Anchorage Digital Bank provides the security and regulatory profile RIAs need to access the digital asset economy in a safe and compliant manner. We are proud to work with industry leaders like Onramp to unlock a future where crypto can be part of every portfolio.”
Onramp Invest CEO Eric Ervin explained that block trading for RIAs enables multiple trades across their entire book of clients as a single order. This service boosts efficiency and minimizes cost while providing equitable execution for customers.
“This is a big deal, which is the reason, besides strong security and regulatory standards, that we selected Anchorage Digital Bank. We’re proud to finally be able to offer this feature and help our advisors in a meaningful way, and Anchorage Digital is the perfect partner to bring this cutting-edge feature to our clients.”