Anchorage Digital Scales in Q3 2021 to Meet Banking Demand

To meet financial services sector demand, Anchorage has hired Ex-Wells Fargo Crypto Lead, Ken Chapman

Diogo Mónica

As the first federally chartered digital asset bank in history, Anchorage Digital Bank unequivocally meets the definition of Qualified Custodian and serves as a model of compliant, responsible crypto banking, regulated at the same level as the nation’s most established banks. Anchorage sits at the intersection of financial services and the emerging digital asset market, melding these two worlds.

With steady demand from a broad range of financial institutions, we are pleased to announce our hire of Ken Chapman, Managing Director of Banking and Capital Markets Solutions. Ken comes to Anchorage Digital as the former Wells Fargo Capital Markets Lead where he focused on digital assets and distributed ledger initiatives and brings extensive experience in financial services and capital markets.

“Financial institutions are realizing that crypto will modernize their offerings and keep them competitive, but they need a best-in-class partner to help them. We’re happy to have Ken on board to further the cause,” said Anchorage Digital Co-Founder and CEO, Nathan McCauley.

Anchorage is an inevitable choice for banks who want to offer crypto services to their customers or benefit from the superior financial rails distributed ledgers have to offer. Today, Anchorage’s offering meets banks needs, offering the most secure and compliant way for them to provide first-of-its-kind sub-custody, brokerage, financing, settlement APIs, and more.

“I evaluated over 40 crypto platforms to find suitable partners for regulated financial institutions, and in my view, Anchorage is number one as the best option for custody, financing, and trade execution,” said Ken Chapman, Managing Director of Banking and Capital Markets Solutions at Anchorage Digital.

With the addition of Ken to our team, Anchorage builds on a strong team of experts in communications, engineering, compliance, security, and regulatory leaders, adding a banking leader imbued with a passion for digital assets. Ken has over 20 years of traditional finance background from Wells Fargo, BNY Mellon, Bridgewater Associates, Bank of America, J.P. Morgan, and UBS.

Anchorage’s proven track record as a platform that works, without outages, offering the full suite of services banks need from a bank under the same regulatory requirements makes us an ideal partner. If you’re a financial institution interested in crypto, please get in touch with us.

Holdings of cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrency, token, coin, or other crypto asset will be viable, liquid, or solvent. No Anchorage communication is intended to imply that any digital asset services are low-risk or risk-free. Digital assets are held in custody by Anchorage Digital Bank National Association and are not guaranteed or FDIC-insured. All loans are made or arranged by Anchorage Lending CA, LLC pursuant to California Finance Lenders Law License №60DBO-119768. Any depictions of simulated or past loan performance are not necessarily indicative of future results.