Anchorage Digital Launches Deposit Token Platform Enabling 24/7 Bank Payments

According to Anchorage Digital, the federally chartered U.S. cryptocurrency bank introduced a deposit token platform on June 22 designed to help regulated financial institutions provide blockchain-based payment and settlement services around-the-clock without replacing existing core banking infrastructure.

Deposit tokens function as digital representations of customer deposits on blockchain while actual funds remain held in conventional bank accounts. Unlike stablecoins issued by non-bank organizations, deposit tokens are created directly by regulated banks and correspond to existing customer deposits, keeping customer funds within the insured banking system. Anchorage Digital holds a national trust charter from the Office of the Comptroller of the Currency (OCC), positioning it as a federally regulated custodian offering this infrastructure to other regulated institutions.