Binance and Anchorage Digital launched an off-exchange settlement integration, letting institutional traders access Binance's liquidity while keeping their assets in Anchorage's custody rather than on the exchange itself. The service runs on Atlas, Anchorage's settlement infrastructure suite.
The integration mirrors how traditional finance separates custody from execution: assets stay with a regulated custodian and move only at final settlement, never sitting on the exchange's balance sheet. Anchorage Digital, the first federally chartered crypto bank in the US, said institutions can pledge crypto, USD cash equivalents, and select tokenized real-world assets as collateral, naming BlackRock's BUIDL, Circle's USYC and Franklin Templeton's iBENJI fund as eligible types. Binance, the world's largest crypto exchange by trading volume, confirmed the tie-up in a joint press release distributed via PRNewswire.
"Institutions need crypto market structure that reflects the standards they already rely on in traditional finance," Nathan McCauley, co-founder and CEO of Anchorage Digital, said in the announcement. "Off-Exchange Settlement, powered by Atlas, is designed to separate custody from execution, helping institutions access exchange liquidity while keeping assets in secure custody."
