Person
Co-founder and CEO of Anchorage Digital, a federally chartered crypto bank offering custody, trading, and payment services.
Anchorage Digital is a day-one partner on Sui's Hashi, which opens in phases later this month with more than $500 million pledged. Treasury firms can post bitcoin held in qualified custody as collateral, though the cash they raise depends on stablecoin lenders on Sui.
Reality
Sui is launching Hashi, a protocol for borrowing against bitcoin that stays on the Bitcoin chain, with $500 million pledged by more than 20 partners. The pledges equal about 0.05% of the $1 trillion in idle bitcoin Sui estimates, so the test is how much bitcoin holders actually lock into Hashi's vaults.
Reality
Sui Foundation has more than $500 million committed to Hashi, its native bitcoin collateral network, from over 20 partners including Anchorage Digital. Those pledges are launch liquidity for an October rollout, so what counts is how much bitcoin institutions actually post once promises have to become deposits.
Perspective Coverage
3 publishersReality
Wells Fargo is in talks to source crypto trading liquidity from Payward, the $21 billion Kraken parent, two people told CoinDesk. A signed contract would let the bank offer crypto execution without building trading infrastructure and would put bank revenue behind Payward's price.
Perspective Coverage
3 publishersReality
Anchorage Digital now gives non-US institutions USD accounts, SWIFT wires and 24/7 dollar transfers through a Standard Chartered partnership. A client that drops its separate bank keeps weekend dollar access only to firms that also bank at Standard Chartered Singapore.
Reality
Anchorage Digital has bought Routable, a payouts platform that more than doubled in each of the last two years, without disclosing a price. The crypto bank is buying corporate payout customers now and betting they will later settle in stablecoins.
Reality
Anchorage Digital, the first crypto firm with a national trust charter, has cut 17% of its staff, according to people familiar with internal discussions. It is shrinking while it holds new investor capital and competes with rivals that have since won similar charters.
Reality
Anchorage Digital is cutting about 17% of staff, an estimated 68 jobs, eight months after Tether's $100 million investment valued it at $4.2 billion. That price covered a roughly 2.4% stake, and Anchorage's own 2023 record points to a cost cut it has reversed before.
Perspective Coverage
3 publishersReality