Binance Expands Triparty Banking With Anchorage Digital to Support Off-Exchange Settlement

Binance Blog published a new article, introducing an expansion of Binance’s Banking Triparty product through a partnership with Anchorage Digital aimed at giving institutional clients a custody-separated way to trade on Binance. Under the integration, eligible institutional and professional clients can access Binance liquidity while keeping assets in segregated, qualified custody with Anchorage Digital, reinforcing a traditional finance-style structure that separates custody from execution. The arrangement adds Anchorage Digital as another triparty banking partner in Binance’s network and marks the first crypto exchange integration within Anchorage Digital’s Atlas settlement platform. The article argues that off-exchange settlement addresses a key institutional requirement by reducing the need to pre-fund exchange accounts, which can create operational complexity and counterparty exposure. Anchorage Digital Co-Founder and CEO Nathan McCauley said institutions need a crypto market structure that reflects standards they already rely on in traditional finance.

Binance said the partnership is designed to improve capital efficiency by allowing institutions to pledge collateral while continuing to trade, rather than leaving assets idle on an exchange. Through Anchorage Digital, institutions can pledge both crypto assets and yield-bearing USD accounts as collateral while trading on Binance. Binance also described Triparty Banking as supporting broader workflows beyond trading, including settlement, lending, and collateral management. Subject to eligibility and availability, the article says institutions may pledge a mix of collateral types, including cash and cash equivalents, crypto assets, and select tokenized real-world assets such as money market funds, citing examples including BlackRock’s BUIDL, Circle’s USYC, and Franklin Templeton’s iBENJI. Catherine Chen, Head of VIP & Institutional at Binance, said Binance is expanding institutional-grade infrastructure to help professional traders access crypto markets more securely and efficiently, adding that off-exchange settlement with Anchorage Digital offers a model more familiar to traditional financial markets.