Anchorage rolls out platform to reduce crypto trading counterparty risk
Anchorage Digital launched Coordinated Multiparty Settlement (CMS), a settlement platform for institutional crypto trading that keeps assets in custody at Anchorage Digital Bank throughout the trade lifecycle. The system links trading venues, prime brokers, and institutional clients through a shared settlement layer, verifies funding obligations, and coordinates settlement to reduce asset transfers and lower counterparty and operational risk. It is designed to cut reliance on pre-funded exchange accounts, a common practice in crypto markets. Under the model, prime brokers handle client balances and credit, venues act as matching engines, and Anchorage provides custody and settlement. The first rollout is with Spotex, a foreign exchange trading platform with billions in daily volume, with more integrations planned.
