Anchorage Digital launches institutional trading solution without exchange pre-funding

Federally regulated U.S. crypto bank Anchorage Digital has launched a platform that allows institutional investors to trade without pre-depositing assets on exchanges. The solution, called Multilateral Settlement Coordination (CMS), aims to address the long-standing industry practice of pre-funding. Traditionally, a single offshore exchange would handle trading, custody, and settlement, creating risks of asset commingling and bankruptcy. Under the new model, Anchorage exclusively handles custody and settlement to enhance stability. The first partner for the platform is the major foreign exchange trading platform Spotex.