Binance Expands Institutional Settlement Options through Anchorage Digital Partnership

Binance, the world's largest cryptocurrency exchange by trading volume, has expanded its Triparty Banking network through an integration with Anchorage Digital's Atlas institutional settlement platform. This partnership allows eligible institutional clients to access Binance liquidity while maintaining independent custody of their pledged cash and crypto collateral.

The integration marks a significant milestone in the development of digital asset market infrastructure, which is still maturing. Institutional investors increasingly expect market structures that reflect traditional finance standards, where custody and execution are structurally separated.

Binance was the first digital assets exchange to pilot triparty banking in 2023 and has continued to grow its network of banking partners. This expansion enables clients to manage collateral across cash and cash equivalents, crypto assets, and select tokenized real-world assets, including money market funds such as BlackRock's BUIDL, Circle's USYC, and Franklin Templeton's iBENJI.

'Binance has continued to expand institutional-grade infrastructure that helps professional traders access crypto markets more securely and efficiently,' said Catherine Chen, Head of VIP & Institutional at Binance. 'Working with Anchorage Digital on off-exchange settlement gives eligible institutional clients another way to access Binance liquidity while managing custody and collateral through a model that is more familiar to traditional financial markets.'

'Institutions need crypto market structure that reflects the standards they already rely on in traditional finance,' said Nathan McCauley, Co-Founder and CEO of Anchorage Digital. 'Off-Exchange Settlement, powered by Atlas, is designed to separate custody from execution, helping institutions access exchange liquidity while keeping assets in secure custody.'

The expansion of Binance's Triparty Banking network aims to provide institutional clients with greater control over their collateral and custody, reducing operational and counterparty risks.