Summary
- It was confirmed that U.S. crypto bank Anchorage Digital Bank has applied for the U.S. Fed's master account.
- The Fed's master account allows a bank to access the central bank's payment network directly, expanding payment efficiency and the range of financial services offered.
- An increase in applications from crypto-friendly banks is continuing, focusing industry attention on approval.
U.S. crypto bank Anchorage Digital Bank has been confirmed to have applied for a master account at the U.S. central bank, the Federal Reserve (the Fed).
On the 20th, Eleanor Terrett, host of Crypto in America, wrote on her X (formerly Twitter), "In June I asked for confirmation about rumors that Anchorage was preparing to apply for a Fed master account, but at the time they declined to comment," and added, "Today, an update to the Fed's database confirmed the application."
Meanwhile, a Fed master account is a permission that allows a bank to access the central bank's payment system directly, which can improve payment efficiency and expand the range of financial services offered. Applications from crypto-friendly banks are also increasing, so attention is focused on whether approval will be granted.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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