Anchorage Digital Bank and Securitize Plan Direct Stablecoin Issuance

Anchorage Digital Bank and Securitize plan to let the tokenization platform mint and redeem stablecoins directly through the bank, with custody and settlement handled there instead of through third-party intermediaries. The direct connection would bring token creation and redemption into the same banking relationship that handles custody and settlement. Its platform holds more than $4 billion in assets across funds from Apollo, BlackRock, BNY, Hamilton Lane, KKR and VanEck. Anchorage Digital Bank also issues USDtb with Ethena Labs. At 7:59:59 p.m. ET (23:59:59 UTC) on Aug.