the us occ anchorage digital us

December 2021.

  • ^“OCC Charters the First National Crypto Bank”. The Natinoal Law Review. 19 January 2021.
  • ^Heilweil, Rebecca. “Feds are seizing cryptocurrency from criminals. Now they have to figure out what to do with it”. Vox. Retrieved 22 January 2022.
  • ^Sigalos, MacKenzie (19 December 2021). “The U.S. government has a massive, secret stockpile of bitcoin — Here’s what happens to it”. CNBC.
  • ^Bambysheva, Nina; del Castillo, Michael (23 August 2021). “Visa Enters Metaverse With First NFT Purchase”.
  • ^Dillet, Romain. “Crypto company Anchorage raises $350 million at $3 billion valuation”. TechCrunch.
  • ^“Financial tech: The 8 next big things, from secure crypto to fairer mortgages”. Fast Company.

  • Significant milestones include:

    • Receiving a federal banking charter from the OCC
    • Announcing an $80 million Series C round that was led by GIC and included Andreessen Horowitz, Blockchain Capital, Lux Capital, and Indico
    • Facilitating Visa’s purchase of one of the most popular series of NFTs, Cryptopunk #7610
    • Growing headcount by 175% to date in 2021
    • Business growth in excess of 800% for each of the past two years.

    About Anchorage Digital

    Anchorage Digital is the most advanced digital asset platform for investors. From custody and trading to staking, governance, and financing, Anchorage offers a full range of crypto-native financial solutions that are compliant, built to adapt to emerging blockchain use cases, and made to evolve alongside the needs of digital asset investors.

    The us occ anchorage digital usb

    It uses biometric authentication and hardware security modules for storing and securing cryptocurrency.[11] It also provides lending and trading of digital assets, including infrastructure used by companies to build cryptocurrency products.[5]


    1. ^Hackett, Robert. “Andreessen Horowitz doubles down on ‘crypto’ with new $515 million fund”. Fortune.
    2. ^Ramaswamy, Anita (7 December 2021). “Visa hopes its new crypto consulting arm will help it become cooler than its competition”. TechCrunch.
    3. ^Constine, Josh. “The crypto rich find security in Anchorage”.

      TechCrunch. 15 January 2020.

    4. ^Almeida, Goncalo (15 December 2021). “Anchorage torna-se o primeiro unicórnio de criptomoedas português”. CNN Portugal (in Portuguese).
    5. ^ abc“ADVISORY-Release of FINTECH-CRYPTO/ANCHORAGE story”. Reuters.

    The committee must consist of at least three members, the majority of whom are directors and not employees or officers of the bank.

    The committee must submit an action plan to the OCC within 30 days of the date of the order that describes the corrective actions the bank is taking to strengthen its BSA compliance, as well as the results and status of the plan. The action plan must be approved by the OCC.

    The bank must also hire a BSA officer “vested with sufficient independence, authority, and resources to fulfill the duties and responsibilities of the position and ensure compliance with the requirements of the Bank Secrecy Act and its implementing regulations,” the order said.

    The officer must ensure the bank’s action plan complies with the BSA and report progress to the board and senior management about the action plan’s status.

    With the first federally chartered crypto bank in the US, Anchorage offers institutions an unparalleled combination of secure custody, regulatory compliance, product breadth, and client service. Founded in 2017, Anchorage is valued at over $3 billion and is backed by leading institutions including Andreessen Horowitz, GIC — Singapore’s sovereign wealth fund, Goldman Sachs, KKR, and Visa. Headquartered in San Francisco, California, Anchorage is remote-friendly with offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota.

    Learn more at, on Twitter @Anchorage, and LinkedIn.About FlyCoin, Inc.

    FlyCoin is moving the evolution forward in loyalty programs by providing a cryptocurrency-based reward that is free from the limitations of traditional loyalty programs.

    The soundness of the bank’s suspicious activity monitoring system must be verified by an independent third party.

    In addition, the bank must hire an independent third-party consultant to review the bank’s previous suspicious activity monitoring and write a report on the findings to the OCC.

    Anchorage Digital’s response: “As the OCC acknowledged in the consent order, we have already been working to strengthen the areas identified and will continue to bolster these areas, reinforcing a new, digital asset standard for internal BSA/AML controls and procedures,” a bank spokesman said in an emailed statement.

    “Anchorage is proud to be the first digital asset custody bank to be held to the same standards as traditional federally chartered banks,” the spokesman continued.

    KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.
    For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at and on Twitter @KKR_Co.

    Media Contacts:

    Anchorage:Lexi Wangler[email protected]


    Julia Kosygina or Miles Radcliffe-Trenner (212) 750-8300[email protected]


    This press release is intended for informational purposes only.

    Anchorage DigitalIndustryFinancial technologyFounded2017FoundersDiogo Mónica Nathan McCauleyHeadquartersGlobalDiogo Mónica, President Nathan McCauley, CEOServicesDigital asset management including

    Anchorage Digital is a digital asset platform and infrastructure provider that deals in the holding, investing, and infrastructure for cryptocurrency and cryptocurrency products. It has the first federally chartered cryptocurrency bank, receiving approval from the Office of the Comptroller of the Currency in 2021.


    Anchorage Digital was founded in 2017 by Diogo Mónica and Nathan McCauley.

    “As a pioneer in enabling institutional investors to access digital assets, Anchorage has built a best in class, institutional grade digital asset platform that combines the best practices of both modern security and usability,” said Ben Pederson, Senior Leader on KKR’s Technology Growth Equity team. “We are thrilled to lead this Series D round and work with Diogo, Nathan and their talented team as they continue to support the institutional adoption of digital assets through their differentiated, regulated and integrated suite of solutions.”

    “We are certain Anchorage will be a crucial part of the digital asset infrastructure and we are excited to be an investor,” said Oli Harris, Head of North America Digital Assets at Goldman Sachs.

    Anchorage’s Series D funding follows a dynamic year of growth.

    Office of the Comptroller of the Currency (OCC). This makes Anchorage the first digital currency service provider to receive a national bank charter from the OCC.

    Although Both Kraken and Avanti have also received charters and can operate across the nation, both of their charters came from the state ofWyomingrather than the OCC; which means they can still do business anywhere in the United States, however, with more limitations than Anchorage.

    What to expect

    Expansion:Now that Anchorage is federally chartered, Anchorage can now offer its service in every state, without having to apply for individual state licenses to operate.

    New financial products:It is only a matter of time until digital currency banks introduce blockchain and digital-asset related products to the world of banking and finance.

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