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Anchorage Digital Joins Ripple in Pursuit of Fed Master Account: What It Means for Crypto Banking


by Abdulkarim Abdulwahab
for CoinEdition
Anchorage Digital applies for Federal Reserve master account to join U.S. payment system
  • Anchorage Digital has filed for a Federal Reserve master account.
  • The OCC recently cleared the firm after a 2022 compliance order.
  • Ripple, Circle, and other crypto firms are also pursuing federal banking pathways.

Anchorage Digital, the first federally chartered digital asset bank in the United States, has applied for a Master Account with the Federal Reserve. If approved, the license would give Anchorage direct access to the Fed’s core payment rails, wire transfers, ACH, and check clearing, without intermediaries.

While the application was filed with regulators on August 28, according to the Bank Registration Blog on X, it is currently making the rounds in the crypto community. This licence is considered essential for banks that want to operate on equal footing with traditional financial institutions.

Related: Paradigm Capital Moves 3,718 ETH to Anchorage Dig…

Read The Full Article Anchorage Digital Joins Ripple in Pursuit of Fed Master Account: What It Means for Crypto Banking On Coin Edition.

Read the article at CoinEdition

Read More

US and UK Announce New Transatlantic Taskforce for Digital Asset Rules

US and UK Announce New Transatlantic Taskforce for Digital Asset Rules

The Trump administration is pushing to fast-track a sweeping crypto legislation packa...
SEC’s Paul Atkins Pushes ‘Innovation Exemption’ for Crypto Products and IPO Revival in 2025

SEC’s Paul Atkins Pushes ‘Innovation Exemption’ for Crypto Products and IPO Revival in 2025

The U.S. Securities and Exchange Commission (SEC) is preparing to roll out an “innova...

Anchorage Digital Joins Ripple in Pursuit of Fed Master Account: What It Means for Crypto Banking


by Abdulkarim Abdulwahab
for CoinEdition
Anchorage Digital applies for Federal Reserve master account to join U.S. payment system
  • Anchorage Digital has filed for a Federal Reserve master account.
  • The OCC recently cleared the firm after a 2022 compliance order.
  • Ripple, Circle, and other crypto firms are also pursuing federal banking pathways.

Anchorage Digital, the first federally chartered digital asset bank in the United States, has applied for a Master Account with the Federal Reserve. If approved, the license would give Anchorage direct access to the Fed’s core payment rails, wire transfers, ACH, and check clearing, without intermediaries.

While the application was filed with regulators on August 28, according to the Bank Registration Blog on X, it is currently making the rounds in the crypto community. This licence is considered essential for banks that want to operate on equal footing with traditional financial institutions.

Related: Paradigm Capital Moves 3,718 ETH to Anchorage Dig…

Read The Full Article Anchorage Digital Joins Ripple in Pursuit of Fed Master Account: What It Means for Crypto Banking On Coin Edition.

Read the article at CoinEdition

Read More

US and UK Announce New Transatlantic Taskforce for Digital Asset Rules

US and UK Announce New Transatlantic Taskforce for Digital Asset Rules

The Trump administration is pushing to fast-track a sweeping crypto legislation packa...
SEC’s Paul Atkins Pushes ‘Innovation Exemption’ for Crypto Products and IPO Revival in 2025

SEC’s Paul Atkins Pushes ‘Innovation Exemption’ for Crypto Products and IPO Revival in 2025

The U.S. Securities and Exchange Commission (SEC) is preparing to roll out an “innova...