Anchorage Digital acquires token management firm Hedgey

Crypto bank Anchorage Digital has acquired Hedgey, a company specializing in token distribution and vesting management solutions, The Block reported. The move is part of Anchorage Digital's broader strategy to expand its asset management and stablecoin businesses. Financial terms of the deal were not disclosed. The acquisition follows the company's recent purchase of the crypto asset management platform Securitize For Advisors.