AnchorageDigital
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BlackRock unveils a partnership with Anchorage Digital
#BlackRock partners with #AnchorageDigital to provide digital asset custody services. Through the partnership, BlackRock will access Anchorage Digital’s services, including digital asset custody, staking, settlement, and on-chain governance. Additionally, Anchorage Digital will provide support for spot crypto EPTs and BlackRock funds.
👉 cointelegraph.com/news/blackrock-partners-anchorage-digital-digital-asset-custody
#BlackRock partners with #AnchorageDigital to provide digital asset custody services. Through the partnership, BlackRock will access Anchorage Digital’s services, including digital asset custody, staking, settlement, and on-chain governance. Additionally, Anchorage Digital will provide support for spot crypto EPTs and BlackRock funds.
👉 cointelegraph.com/news/blackrock-partners-anchorage-digital-digital-asset-custody
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Anchorage Digital Pioneering Support for Liquid Staking Ethereum in the U.S.
On December 5, #AnchorageDigital became the first federally licensed bank in the United States to support liquid staking Ethereum ($ETH ), a highly liquid form of staking. Accordingly, this bank has integrated Liquid Staked ETH (LsETH) from Liquid Collective, a type of token representing ETH staked on the Ethereum network.
Key Features
For institutions: Anchorage Digital will serve large organizations such as venture capital funds, asset management, and blockchain protocols directly through their bank accounts. Safety and compliance prioritized: Liquid Collective utilizes KYC/AML verification mechanisms and is operated by trusted nodes like Coinbase and Figment to ensure security and regulatory compliance.
Market Context
Liquid staking is becoming a trend, with a total value locked (TVL) of over $70 billion, with the largest protocol, Lido, holding nearly $40 billion. Although Liquid Collective is still small with about $430 million in TVL, Anchorage Digital's support will drive stronger development.
Staking Returns
Staking ETH yields about 3.5% APR from network fees and other rewards. It is anticipated that the #ETF related to ETH in the U.S. may include staking returns in the near future, especially as the U.S. government continues to adjust in a crypto-friendly direction.
This is a significant milestone, not just for Anchorage Digital but also for the U.S. cryptocurrency industry, as liquid staking is predicted to become an integral part of traditional investment products.
On December 5, #AnchorageDigital became the first federally licensed bank in the United States to support liquid staking Ethereum ($ETH ), a highly liquid form of staking. Accordingly, this bank has integrated Liquid Staked ETH (LsETH) from Liquid Collective, a type of token representing ETH staked on the Ethereum network.
Key Features
For institutions: Anchorage Digital will serve large organizations such as venture capital funds, asset management, and blockchain protocols directly through their bank accounts. Safety and compliance prioritized: Liquid Collective utilizes KYC/AML verification mechanisms and is operated by trusted nodes like Coinbase and Figment to ensure security and regulatory compliance.
Market Context
Liquid staking is becoming a trend, with a total value locked (TVL) of over $70 billion, with the largest protocol, Lido, holding nearly $40 billion. Although Liquid Collective is still small with about $430 million in TVL, Anchorage Digital's support will drive stronger development.
Staking Returns
Staking ETH yields about 3.5% APR from network fees and other rewards. It is anticipated that the #ETF related to ETH in the U.S. may include staking returns in the near future, especially as the U.S. government continues to adjust in a crypto-friendly direction.
This is a significant milestone, not just for Anchorage Digital but also for the U.S. cryptocurrency industry, as liquid staking is predicted to become an integral part of traditional investment products.
🚨 BREAKING: BlackRock teams up with Anchorage Digital to offer crypto custody services, responding to the growing demand for digital assets from both retail and institutional investors.
#CryptoNews #BlackRock #DigitalAssets #CryptoCustody #AnchorageDigital
#CryptoNews #BlackRock #DigitalAssets #CryptoCustody #AnchorageDigital
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BlackRock unexpectedly "joins hands" with digital bank Anchorage: What is happening with Bitcoin funds
In a notable move, the global asset management giant BlackRock has just announced a new partnership agreement with Anchorage Digital, the only federally licensed digital asset bank in the United States. This agreement allows Anchorage to custody part of Bitcoin and Ethereum for two prominent BlackRock ETFs: iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA).
What is BlackRock doing with Anchorage?
What is BlackRock doing with Anchorage?
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