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The first external transfer API from a federally chartered crypto bank brings Web3 efficiency to protocol business operations
Today, Anchorage Digital is proud to announce early access to programmatic transfers for protocols, unlocking new efficiencies in treasury management. Our new external transfer API, the first from a federally chartered crypto bank, reduces overhead and manual approvals of payment requests by enabling automated and high-volume withdrawals to whitelisted addresses.
As the world of Web3 becomes increasingly competitive, protocols need to focus on what matters most: blockchain innovation. Manually approving day-to-day business operations like payments to employees, investors, and vendors is inefficient and takes valuable time away from protocol development. This is why Anchorage is launching our new external transfer API, streamlining the payment process for protocols.
“Blockchain protocols are leading the way in building the future of finance, but they have been held back by inefficiencies in meeting vesting obligations, making vendor payments, and running payroll using crypto. With the external transfer API, Anchorage will continue bringing Web3 efficiency to protocol business operations as part of our platform of offerings.”
— Diogo Mónica, Co-Founder and President of Anchorage Digital
The new external transfer API enables greater efficiency in treasury management for key stakeholders across the entire protocol ecosystem, including employees, VC firms, and vendors:
- Employees can receive assets according to a regular payroll or vesting schedule
- VC firms can distribute earned assets to limited partners or other investors
- Vendors can be paid on a recurring basis including through USD Coin (USDC)
A Go-To Destination for Protocols
Anchorage Digital has long been trusted by protocols worldwide for fully integrated products that enable easy and efficient treasury management. Now, crypto projects can leverage our new API for programmatic digital asset transfers to external partners. Built on safe and secure custody, Anchorage has further solidified our position as the go-to destination for protocols.
If you’d like to learn more about our offerings, please get in touch.
Holdings of cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrency, token, coin, or other crypto asset will be viable, liquid, or solvent. No Anchorage communication is intended to imply that any digital asset services are low-risk or risk-free. Digital assets are held in custody by Anchorage Digital Bank National Association and are not guaranteed or FDIC-insured. Any depictions of simulated or past loan performance are not necessarily indicative of future results.
Anchorage Digital Introduces Automation to Crypto Protocol Payments with New External Transfer API was originally published in Anchorage Digital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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