Binance has announced an integration with Anchorage Digital, a global crypto bank and platform that enables institutions to participate in digital assets, expanding Binance’s Triparty Banking network.
The tie-up marks the first exchange integration within Anchorage Digital’s Atlas institutional settlement platform.
The integration gives eligible institutional and professional clients an additional banking partner through which to manage collateral, custody and exchange access, using a custody-separated model while still accessing Binance’s liquidity.
Through the integration with Anchorage Digital’s Off-Exchange Settlement, powered by Atlas, eligible institutions now have another option for maintaining independent custody of their pledged cash and crypto collateral while trading on Binance.
“Binance has continued to expand institutional-grade infrastructure that helps professional traders access crypto markets more securely and efficiently,” said Catherine Chen, Head of VIP & Institutional at Binance. “Working with Anchorage Digital on off-exchange settlement gives eligible institutional clients another way to access Binance liquidity while managing custody and collateral through a model that is more familiar to traditional financial markets.”
Nathan McCauley, Co-Founder and CEO of Anchorage Digital, said the partnership brings institutional crypto market structure closer in line with what firms already expect from traditional finance.
“Institutions need crypto market structure that reflects the standards they already rely on in traditional finance. Off-Exchange Settlement, powered by Atlas, is designed to separate custody from execution, helping institutions access exchange liquidity while keeping assets in secure custody,” he said. “By working with Binance, we’re bringing that model to the world’s largest crypto exchange by trading volume.”
Binance Banking Triparty is built to support institutional workflows across trading, settlement, lending, collateral management and other capital markets use cases.
Subject to eligibility and availability, it also enables collateral management across cash and cash equivalents, crypto assets, and select tokenized real-world assets, including money market funds such as BlackRock’s BUIDL, Circle’s USYC and Franklin Templeton’s iBENJI, helping institutions manage their trading margin with greater capital efficiency.
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By
Sam Reid
