Anchorage Partners with Visa, First Boulevard on Crypto APIs Pilot
Diogo Mónica, President and Co-Founder
Anchorage is pleased to be working together with Visa and First Boulevard Bank in their pilot of a new set of crypto-related APIs to enable neobanks and financial institutions to connect to Anchorage’s crypto services and capabilities and increase crypto access and usability. This pilot, which is anticipated to launch later this year, represents an important milestone in allowing banks, neobanks, and other financial institutions to easily and securely integrate digital asset products into their own offerings.
Recent months have seen unprecedented demand for exposure to crypto assets on the part of institutions and consumers alike. And while demand is high, the kind of plug-and-play tools many institutions need to provide those services are in very short supply. Through this partnership, Visa and Anchorage will explore ways to lower the barrier to entry for institutions looking to provide digital asset services to their customers.
From a technical perspective, this pilot will enable Visa clients to easily connect to Anchorage infrastructure, allowing banks, neobanks, and other financial institutions to maintain their own unique user experiences on the front end, while securely tapping into the digital asset ecosystem on the back end. Through the pilot program, First Boulevard clients will be able to buy, hold, and sell digital assets held in Anchorage Digital Bank, the first federally chartered digital asset bank.
This pilot program is a significant step forward both for the proliferation of crypto as an asset class, and for accessibility and inclusion in payments and financial services. We’re thrilled to be working alongside Visa and First Boulevard to build the infrastructure for a more secure and equitable financial future, and proud to offer institutions easy, secure solutions for enabling crypto products and services.
To learn more about Anchorage, please get in touch.
Disclaimer: 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. Nothing in this communication is intended to imply that any asset held in custody by Anchorage is low-risk or risk-free. Digital assets held in custody are not guaranteed by Anchorage Digital Bank National Association and are not FDIC-insured.