partnership

Anchorage Digital expands USD accounts and SWIFT access through Standard Chartered

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Anchorage Digital expanded USD account access and SWIFT payments for international institutions through a partnership with Standard Chartered. It also opened dollar accounts for eligible institutional clients through its Singapore entity alongside Anchorage Digital Bank N.A.

Key claims & sources

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Anchorage Digital expanded USD accounts and SWIFT payments for international institutions through a partnership with Standard Chartered.
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The SWIFT and USD-account expansion is aimed at international institutions.
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Eligible institutional clients can open dollar accounts through Anchorage Digital Singapore alongside Anchorage Digital Bank N.A.
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The Singapore account option is available to eligible institutional clients.

What it means

International institutional clients are the group most directly affected, because Anchorage Digital now offers them USD account access and SWIFT payments through Standard Chartered, and eligible institutional clients can also open dollar accounts through Anchorage Digital Singapore. That gives those clients another operational route for holding dollars and moving funds in the same period these changes were announced.

In practice, the account setup changed in two places: a partnership with Standard Chartered added USD accounts and SWIFT payments for international institutions, and a Singapore entity was added as another place where eligible institutional clients can open dollar accounts. What stays the same is that the accounts are still limited to eligible institutional clients, so access is not described as universal.

Market reaction i

Total crypto marketall crypto assets combined no single asset in the event: read against the whole market

The total crypto market rose 0.4% in the 4 hours after the first headline, after rising 0.5% in the 2 hours before.

$2.9T market cap at the headline
+0.5% 2 h before
+0.4% 4 h after
-0.4% 12 h after
First headline

48 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 5 18:59

Has this happened before?

WhenWhat happenedFigure
43 days ago Puffer and Anchorage Digital Partner to Bring Institutional Settlement Infrastructure to Puffer UniFi event 1 actors in common · 4 news media