01 Jun 2026 06:00 UTC
Anchorage Launches Settlement Network for Institutional Crypto Trading
➤ This initiative is part of a broader trend of financial institutions expanding infrastructure for tokenized assets and institutional trading, with integrations planned for forex trading platforms like Spotex.
➤ The CMS network allows institutions to trade on crypto venues while maintaining custody of assets with Anchorage Digital Bank, aiming to mitigate counterparty and operational risks.
➤ Anchorage Digital has launched a new settlement network, Coordinated Multiparty Settlement (CMS), designed for institutional crypto trading.
Anchorage Digital launched a settlement platform that allows institutions to trade on crypto venues while keeping assets in custody at its federally regulated bank, which it said will help manage counterparty and operational risks.
According to Monday’s announcement from the company, Coordinated Multiparty Settlement (CMS) connects trading venues, prime brokers and institutional clients through a shared settlement layer while keeping assets at Anchorage Digital Bank throughout the trade lifecycle.
Anchorage said CMS verifies funding obligations and coordinates settlement across participants, reducing the number of asset transfers needed to complete trades. The company said the system is designed to reduce the need for pre-funded exchange accounts, a common practice in crypto markets.
In a Monday X post, Anchorage said much of crypto trading still takes place on offshore platforms where "a single platform acts as exchange, custodian, and settlement agent" and client assets are often commingled and titled to the exchange.
Source: Anchorage Digital on X.com
Under the CMS model, prime brokers manage client balances and credit relationships, trading venues act as matching engines and Anchorage provides custody and settlement services.
The rollout will begin with foreign exchange trading platform Spotex, which Anchorage said processes billions of dollars in daily volume, with additional venue integrations under development.
Related: Anchorage Digital, Mexico's Grupo Salinas partner on stablecoin cross-border settlement
Institutional trading infrastructure continues to evolve
Financial institutions and digital asset companies are fast expanding infrastructure for tokenized assets and institutional trading, with the Canton Network emerging as one focal point for those efforts as firms explore blockchain-based settlement.
In December, DTCC partnered with Digital Asset and the Canton Network to support the tokenization of DTC-custodied US Treasury securities, with plans to expand the initiative to additional asset classes. Two months later, Fireblocks integrated the network, enabling banks, custodians and asset managers to custody and settle assets on a blockchain built for regulated financial markets.
Banks are also investing in digital asset custody and market infrastructure. In May, Standard Chartered agreed to acquire Zodia Custody while spinning out Zodia Solutions, a standalone platform serving institutional digital asset clients. The transaction consolidates the bank's custody operations while creating a separate company focused on services for financial institutions.
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Categories rationale: The article focuses on Anchorage, a provider of custody and security solutions for digital assets, and its new settlement network. It highlights institutional adoption by enabling trading on crypto venues and mentions the use of blockchain for settlement, aligning with 'infrastructure-providers', 'institutional-adoption', and 'blockchain-usage'. Specifically, 'custody-security-solutions' is relevant due to Anchorage's core business, 'banking-depository-pilots' reflects the involvement of a regulated bank, and 'ethereum-evm-l1s' is a common underlying technology for such platforms.Characteristics justification: The article presents a positive development for institutional crypto trading, highlighting risk management and efficiency gains ('reducing the number of asset transfers needed'). The sentiment is cautiously optimistic, with a focus on solving existing problems in offshore trading platforms. The relevance is high due to the specific launch of a new service by a known player in the space. Entropy is moderate as it's a specific product launch, not a completely novel concept. Staleness is moderate as similar infrastructure developments are ongoing.Tag relevance: The selected tags are crucial as they identify the key entity (Anchorage Digital), the product launched (settlement network, CMS), the target audience (institutional trading, prime brokers), the benefits (regulated custody, risk management), and initial partners (Spotex).asset-types: others
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