Anchorage Digital launches custody and trading separately managed accounts for registered investment advisors

Quick Take

  • Crypto bank Anchorage Digital partnered with Eaglebrook Advisors and Onramp Invest to provide separately managed accounts to registered investment advisors. 
  • The move comes more than a week after Anchorage announced a partnership with Digital Prime Technologies to facilitate institutional crypto lending services. 

U.S.- based federally chartered crypto bank Anchorage Digital announced new offerings for registered investment advisors.

The new custody and trading separately managed accounts (SMA) gives RIAs custody and settlement services with a focus on security and compliance, according to a company release. Anchorage launched the accounts with its partners Eaglebrook Advisors and Onramp Invest, a subsidiary of Securitize, a firm that tokenizes private investments.

“After the recent SEC custody rule proposal, demand from RIAs for a qualified crypto custodian is higher than ever before. Leveraging our status as the only OCC-chartered digital asset bank, our new offering enables RIAs to access the digital asset class through safe, secure and regulated infrastructure," said Anchorage Digital co-founder and president Diogo Mónica in a statement. 


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The move marks Anchorage's second major crypto partnership this month. The firm paired with institutional crypto lending provider Digital Prime Technologies on Nov. 7, in which Anchorage would act as the custodian for institutional investors borrowing and lending digital assets. 

Anchorage's SMA partner Eaglebrook Advisors also partnered with Cathie Wood's Ark Invest to refine accessibility to crypto investment strategies in late last year.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.


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