Anchorage Digital

Anchorage Digital, the first US federally chartered digital asset bank, has acquired payments firm Routable. The deal aims to connect the issuance, custody and settlement of stablecoins with multi-denominational payout distribution, letting businesses send payments worldwide using blockchain-based money. Observers see it as a step toward merging traditional banking rails with stablecoin infrastructure, as established crypto institutions race to build end-to-end payment services.

Digital asset bank Anchorage has acquired Routable, a startup that helps enterprises automate outbound payments and payouts. The deal, reported exclusively by Axios, gives Anchorage payment infrastructure capabilities as it expands beyond custody services for institutional clients. Financial terms of the acquisition were not disclosed.