Anchorage Digital Launches Tokenized Deposit Platform for Banks

Anchorage Digital launched Monday (June 22) a new tokenized deposit infrastructure aimed at enabling banks to offer around-the-clock settlement without overhauling their existing core systems, according to a Monday press release.

The financial services firm said the platform allows regulated banks to issue and manage tokenized deposits on blockchain networks. According to Anchorage, the system is designed to integrate with banks’ current technology stacks, reducing the need for costly or complex core replacements.

Tokenized deposits have emerged as a potential bridge between traditional banking and digital asset markets, offering the programmability and near-instant settlement of blockchain-based assets while maintaining the regulatory framework of bank-issued money. Anchorage said its infrastructure supports 24/7 transaction capabilities, a departure from the limited operating hours of conventional payment rails.

The launch comes as financial institutions increasingly explore blockchain-based settlement mechanisms, including stablecoins and tokenized liabilities, to improve efficiency in payments, treasury operations and cross-border transactions. Industry participants have pointed to tokenized deposits as a regulated alternative to privately issued stablecoins, particularly for institutions wary of regulatory uncertainty.

Anchorage, which operates as a federally chartered digital asset bank in the U.S., said its platform is built with compliance and security controls aligned with existing banking requirements. The company did not disclose initial clients but said it is working with banks to pilot and deploy the technology.

The move underscores growing interest among both FinTech firms and incumbent banks in blending traditional financial infrastructure with blockchain-based systems to modernize payments and settlement processes.

To this end, Anchorage Digital earlier this year partnered with stablecoin infrastructure company M0 to combine M0’s modular issuance software with Anchorage’s federally chartered banking and custody infrastructure. The companies said that the collaboration is meant to reduce the time, cost and operational burden of bringing a U.S.-regulated stablecoin to market while preserving compliance and reserve oversight.

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