May 5, 2024
Crypto

Anchorage Digital Launches Atlas for Crypto Settlements


The San Francisco-based Anchorage Digital has its commercial settlement structure, Atlas, that effectively serves as a channel for institutional clients in the crypto market. 

Anchorage Digital, known for its security and regulatory will introduce improvements in the speed of crypto trading and simplify this process among institutional actors.

The Atlas network is established on Anchorage Digital Bank’s regulated federal infrastructure, offering a secure base and source for settlements. This move will be part of a strategy to give users the best possible regulatory platform by Anchorage Digital incorporating custody and services as part of bank charter holdings.

Atlas is Thoroughly based on its technologies, that Settlements are done in real-time and there is a low level dependency of the traditional back-office procedures. 

The primary goal of this system is flexibility, it refers to various types of settlement such as crypto-to-fiat operations, which is supposed to decrease both operational risks and costs. The system’s design enables continuous operation that ensures bids are settled within minutes

Also read: Anchorage Digital Strengthens Leadership with Former SEC Counsel





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