Anchoronage Digital is expanding its focus to the banking chain infrastructure. The company has launched a monetized deposit platform for financial institutions wishing to access block block chain payments and settlements, with the goal of increasing the round-the-clock liquidity of funds without retrofitting the core banking system.
Platform issues tokenized deposits to banks
Anchorage indicated that the product could help banks issue and manage tokenized deposits. The practice is to map the customer ' s deposits as a chain certificate, but the bottom-level funds remain in the bank ' s original deposit account and are not separated from the traditional banking system.
Under this structure, Anchorage provides block chain infrastructure, wallet management and smart contract technology, while banks continue to have customer relations and retain responsibility for the management of deposits.
No requirement to replace the core banking system
According to the company, the platform was designed as a parallel infrastructure outside the existing banking system, rather than requiring the entire agency to move to the new core structure. For most banks, the retrofitting of the core system is usually long-term, costly and associated with greater operational risks.
In an interview with CoinDesk, Nathan McCauley, CEO of Angelage, stated that several banks had begun to study monetization deposits and discuss how to start the business.
Bank ' s search for chain funds outside the stable currency
As more financial institutions try to improve payment efficiency, tokenized deposits are seen as an alternative to stable currencies. Traditional payment systems continue to rely heavily on business time and bulk processing, making it difficult to achieve real 24-hour real-time settlement, which is an important context for banks to explore the financial patterns of the chain.
There is ongoing discussion about which of the more appropriate functions of the market for a stable currency and a monetized deposit would be to assume the flow of funds along the chain. Stabilized currencies such as USDC and USDT are usually issued by private companies and supported by reserve assets such as United States Treasury bonds; tokenized deposits correspond to commercial bank deposits and remain essentially within the banking system.
From this point of view, the platform launched by Angelage is not merely a new technical service, but reflects the fact that the banking sector is trying to bring traditional deposits into the block chain network in a way that is closer to existing regulatory and account systems.