The partnership addresses a core friction point for professional firms: the need to pre-fund exchange accounts. By leveraging Anchorage Digital’s infrastructure, institutional clients can maintain independent custody of their cash and crypto collateral while simultaneously accessing liquidity on Binance. This custody-separated model mirrors the standards of traditional finance, reducing counterparty risk for firms bound by strict fiduciary mandates.
Binance Integrates Anchorage Digital to Boost Institutional Settlement
Institutional investors on Binance can now utilize Anchorage Digital’s Atlas platform for off-exchange settlement, marking the first time the global crypto exchange has integrated its triparty banking network with a federally chartered digital asset bank to separate custody from execution.
Binance pioneered triparty banking for digital assets in 2023 and has since expanded the network to include a variety of tokenized real-world assets, such as BlackRock’s BUIDL and Franklin Templeton’s iBENJI. Catherine Chen, Head of VIP & Institutional at Binance, noted that the integration provides a more familiar, efficient pathway for professional traders to engage with crypto markets. Anchorage Digital CEO Nathan McCauley added that the collaboration brings institutional-grade security to the world’s largest exchange by trading volume, allowing assets to remain in secure, third-party custody during the trading lifecycle.
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