Anchorage Digital is entering Asia with five new partnerships in the region.

The institutional crypto platform has partnered with cryptocurrency exchange Bitkub, asset management firm Dream Trade, blockchain investment firm FBG Capital, venture firm IOSG Ventures, and digital asset financial services provider Antalpha.

The company previously partnered with Internet infrastructure provider GMO-z.com Trust Company in Asia.

Anchorage has a history of becoming the first crypto bank to receive a federal charter in the US after its establishment in 2017. Diogo Monica, co-founder and president of Anchorage, told The Block that this is the most high that banks can get in the US.

He added that getting a charter isn’t all sunshine and paradise. Instead, it is also a burden as it requires a level of transparency and maturity to meet the requirements of the charter.

The company said several Asian customers have selected Anchorage due to its strong regulatory status in the US.

“We appreciate Anchorage’s attention to regulatory compliance and vetting of the digital assets they support,” said Will Chiu, chief investment officer at Antalpha, in a statement.

“Through their combination of native crypto fluency and understanding of traditional financial needs, they continue to support us in expanding the adoption of digital assets,” he added.

The company’s business model involves providing institutions with integrated financial services and infrastructure solutions. They could include solutions such as custody, staking and trading services.

The startup recently successfully raised $350 million in a Series D funding round led by investment firm KKR. Other participants included traditional players like Goldman Sachs and Thoma Bravo, along with native cryptocurrency firms like Alameda Research and Blockchain Capital.

“We work with institutions and what we see is that the institutions have very long-term horizons, they are not stopping these alliances,” said Mónica.

In another major development, Anchorage will become the preferred custodian of new layer one blockchain Aptos.

In a recent interview with CoinDesksaid Monica, “By partnering with Aptos, we’re actually helping to make sure that the next generation of Layer 1 blockchains are taking these [security] considerations, and that will only stimulate future growth in the industry.

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