Anchorage Digital Bank and Securitize Plan Direct Stablecoin Issuance

Anchorage Digital Bank and Securitize plan to let the tokenization platform mint and redeem stablecoins directly through the bank, with custody and settlement handled there instead of through third-party intermediaries.

The direct connection would bring token creation and redemption into the same banking relationship that handles custody and settlement. Its platform holds more than $4 billion in assets across funds from Apollo, BlackRock, BNY, Hamilton Lane, KKR and VanEck.

Anchorage Digital Bank also issues USDtb with Ethena Labs. At 7:59:59 p.m. ET (23:59:59 UTC) on Aug. 31, USDtb held $530,419,653 in reserve assets, including $525,205,527 in BlackRock USD Institutional Digital Liquidity Fund (BUIDL). The fund accounted for about 99.02% of those reserves.

Securitize handles BUIDL’s tokenization, issuance, compliance and trading. BUIDL was already part of USDtb’s reserves before the planned direct connection; the reserve figures describe existing backing rather than assets added by the arrangement.