U.S. Bank chosen to offer custody services 09 October 2025US Reporter: Tahlia Kraefft
Image: RTH/stock.adobe.com
U.S. Bank has been chosen as the custodian for reserves backing Anchorage Digital Bank’s payment stablecoins.
Anchorage Digital Bank, functions under the direct oversight of the Office of the Comptroller of the Currency (OCC), as the only crypto-native bank in the US to hold a federal charter.
U.S. Bank’s capabilities are used in nearly 100 financial markets internationally, with clients including institutional asset owners ranging from financial institutions, corporations, insurance companies and government entities.
Anchorage Digital Bank introduced its stablecoin issuance platform in July 2025, immediately after the adoption of the Genius Act.
These stablecoins are fully compliant with the GENIUS Act, which demands stablecoins are supported one-to-one by specific high-quality liquid assets and backed by robust Bank Secrecy Act and anti-money laundering programmes.
This regulatory framework enables Anchorage Digital to issue stablecoins that intend to meet high standards of safety, transparency, and institutional readiness.
Nathan McCauley, CEO and co-founder of Anchorage Digital, comments: “The passage of the GENIUS Act created the conditions for payment stablecoins to scale responsibly under U.S. oversight. At Anchorage Digital Bank, our goal is to issue payment stablecoins that meet the highest regulatory standards and unlock real utility for institutions.
“Partnering with U.S. Bank reflects the growing alignment between digital finance and the traditional financial system — and it underscores the momentum behind bringing dollar-backed payment stablecoins into the mainstream."
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: RTH/stock.adobe.com 