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

• 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…

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