Nathan Maccauley News

Institutional crypto custody platform Anchorage Digital has announced the appointment of former Goldman Sachs executive Connie Shoemaker, to its board of directors.

bitcoin, the cryptocurrency's latest meteoric rally to a record high may have more legs than in 2021, experts say. The world's largest cryptocurrency, notorious for its volatility, touched $69,202 on Tuesday, driven by excitement over new U.S. spot bitcoin exchange-traded funds (ETFs) and expectations the Federal Reserve will begin cutting U.S. interest rates this year.

Bitcoin touched a record high on Tuesday, fueled by investors pouring money into U.S. spot exchange-traded crypto products and the prospect that global interest rates may fall. The world's largest cryptocurrency hit a high of $69,202, topping November 2021's all-time peak of $68,999.99. Investor interest has increased since the Securities and Exchange Commission approved 11 spot bitcoin ETFs in late January. It then reversed course and was recently down around 7% at $63,400.

FusionIQ has partnered with Anchorage Digital to provide financial advisors and institutions with more streamlined access to regulated cryptocurrency assets through.

Advisors seeking access to digital assets via a regulated platform offering crypto SMAs now have a new option.

Venture capitalists may be wary of the crypto and blockchain industry at the moment, and it’s not without reason. However, the highly publicized bad actions of a few shouldn’t keep VCs from spotting the real potential that well-run businesses in the sector can offer.

Anchorage is the only crypto-native bank in the US with a federal charter, boasting a valuation over $3 billion and investors including Andreessen Horowitz, Goldman Sachs, KKR, Visa and GIC (Singapore’s sovereign wealth fund). When approached for comment on the Build With Anchorage announcement, co-founder Nathan McCauley stated: “For crypto to move toward mainstream adoption, financial institutions need access to safe, secure, and regulated digital asset infrastructure. Build With Anchorage is a major step in this direction, allowing our institutional clients to build the next generation of crypto products in partnership with our team.” The new infrastructure offers streamlined institutional participation in crypto by providing clients with the security, engineering, regulatory, and design expertise of the Anchorage team.

Crypto custody firm Anchorage Digital has recently formed an exchange custody network with five digital asset trading platforms to segregate institutional client funds from exchanges into regulated asset vaults.