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Anchorage Digital

B-
OCC-Chartered Crypto BankSPOFInstitutions & Stablecoin Issuers

Anchorage Digital is the first OCC-chartered crypto bank in the US. It provides institutional custody, staking, trading, and settlement services. Anchorage custodies digital assets including stablecoin reserves for issuers, with banking-grade compliance and security infrastructure.

Visit Anchorage Digital
By Steve L, Editorial Lead·Reviewed by Proof of Custody Editorial
·Last updated Mar 2, 2026
70
Custody & SecurityEase of UseFeesFeaturesTransparencySupport
Score Breakdown
Custody & Security35% weight
72
Ease of Use20% weight
65
Fees15% weight
60
Features10% weight
75
Transparency10% weight
72
Support10% weight
70
Assessment
Key Strength

First OCC-chartered crypto bank. Custodies stablecoin reserves for multiple issuers. SOC 1 & 2 compliant. Banking-grade custody infrastructure for digital assets.

Primary Risk

Does not use multisig — relies on proprietary key management. Single institutional custodian. Premium pricing limits access. OCC charter is novel and untested in stress scenarios.

Pros
  • +Highest-grade US regulatory charter (OCC)
  • +SOC 1 & SOC 2 certified
  • +Banking-grade infrastructure
  • +Multi-asset custody
Cons
  • -No multisig key management
  • -Premium institutional pricing
  • -Complex onboarding
  • -Single entity custody
Custody Features
✕Multisig
✕Multi-Institution
✕No Single Point of Failure
Segregated Accounts
✕Proof of Reserves
Insurance
Regulated Custodian
No Physical Exposure
✕Multi-Jurisdiction
✕Inheritance
✕Segregated Insurance
✕IRA
Lending
Buy/Sell
✕Dynasty Trusts
Fees
Custom institutional pricing
MinimumInstitutional
Security
Key Management
Proprietary secure enclave technology
SOC Compliance
SOC 1 Type 2, SOC 2 Type 2
Penetration Testing
Regulatory
✓Qualified Custodian
Jurisdiction
United States
Licenses
OCC National Trust Bank Charter, SEC Registered Investment Advisor
Custody Independence Standard
0 of 4 pillars met
Vendor independenceNot met
Entropy independenceNot publicly documented
Control independenceNot met
Operational independenceDepends on configuration

1 independent party or system must fail before a Anchorage Digital holder's bitcoin is at risk.

  • •A single institution controls the keys, so its compromise, insolvency, or unilateral action is sufficient to put funds at risk.
  • •Regulated status and segregation can protect assets in insolvency, but they do not create independence of control.
How this is assessed →
Insurance

Anchorage Digital's custody insurance is not publicly disclosed.

Frequently asked questions
Is Anchorage Digital safe?+

Anchorage Digital uses a occ-chartered crypto bank model and scores 70/100 in our independent review, including 72/100 on custody security. One institution can move funds, which is a single point of failure. Safety depends on your priorities; see the full score breakdown above.

Is my bitcoin insured at Anchorage Digital?+

Anchorage Digital's custody insurance is not publicly disclosed in a form we can verify. Where it exists, custody insurance covers specific named events up to shared limits and does not cover price loss. Confirm coverage in writing before relying on it.

What happens to my bitcoin if Anchorage Digital fails?+

Because Anchorage Digital holds custody through a single institution, recovery in a failure would run through that institution's bankruptcy or resolution process and depends on whether assets were segregated and properly titled. This is the concentration risk of single-custodian models.

Does Anchorage Digital support inheritance?+

Anchorage Digital does not advertise a dedicated inheritance or beneficiary feature in the data we track. Confirm current options with the provider, since custody inheritance handling changes.

Compare

Anchorage Digital vs Others

vs OnrampA
90/100
vs Onramp FinanceA
89/100
vs UnchainedA-
85/100
vs Onramp LendingA-
84/100