Digital Assets: Anchorage GC Georgia Quinn Shares Why Receiving a National Bank Charter is Key Back in January of this year, Anchorage, a top crypto platform for institutions, announced that the At that time, Anchorage stated: “This is a major milestone, not only for us as an organization, but also for the crypto industry and the wider financial world. Crypto deserves a bank, and we are immensely proud of being approved as the one to set the standard.” Becoming a federally chartered bank is an incredibly difficult and rigorous task for any financial firm. Becoming the first federally chartered digital asset bank is beyond Herculean and a clear breakthrough for the digital asset industry. Behind the headline, an enormous amount of work and preparation had to take place before the OCC approved the charter. As it was not quite clear as to the long-term strategy that compelled Anchorage to pursue the charter,