Anchorage Digital has expanded its Atlas network to include an institutional-grade collateral management service, designed to offer secure, 24/7 infrastructure for managing digital asset collateral in response to the growing demand for crypto-backed lending.

With nearly 600 participants and transactions totaling billions, the platform supports up to $4 billion in assets under custody through collateral management and triparty activities.

“Institutional credit markets are evolving, and Anchorage Digital is providing the infrastructure to support that transformation,” Nathan McCauley, CEO and co-founder of Anchorage Digital, said in a prepared statement. “By combining 24/7 collateral …

Full story available on Benzinga.com