Anchorage Digital lays off 17% of staff amid restructuring
Summary
Anchorage Digital, a federally chartered crypto custodian, is laying off approximately 17% of its staff, following a previous restructuring earlier in 2023 that cut about 20% of its workforce due to regulatory uncertainty and market pressures. Despite these layoffs, the company's banking subsidiary remains unaffected, and it reports that client assets under custody are at all-time highs. This move reflects ongoing efficiency efforts among key players in the crypto industry, even as demand for custody services continues to grow amidst persistent cost pressures going into 2026.
Analysis
Anchorage Digital: Anchorage Digital operates as America's first federally chartered crypto bank, providing regulated custody and banking services for digital assets to institutional clients. It is actively expanding custody support for tokenized equities, stablecoins, and Bitcoin staking platforms through new partnerships and integrations. The firm is implementing workforce reductions as part of efficiency efforts even while its core banking operations continue and client custody demand grows. Regulatory Developments: The SEC has proposed rules to ease crypto custody requirements for investment advisers and clarify options for broker-dealers holding non-security crypto assets. Institutional Infrastructure: Crypto custodians are extending regulated services to support tokenized assets, stablecoins, and Bitcoin staking amid expanding institutional on-chain activity.
Categories
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Related sources
- https://www.tokenpost.com/tag/anchorage-digital
- https://www.anchorage.com/press-room/anchorage-digital-selected-by-3iq-as-infrastructure-and-custody-partner-for-digital-asset-investment-platform
- https://www.anchorage.com/press-room/anchorage-digital-expands-custody-support-across-the-ondo-ecosystem
- https://www.stacks.co/blog/anchorage-digital-brings-institutional-custody-to-bitcoin-staking-on-stacks
- https://x.com/i/status/2106079833562243247
- https://x.com/i/status/2106079542393635254
- https://x.com/i/status/2106023671542280551
- https://www.anchorage.com/press-room/anchorage-digital-partners-with-puffer-to-bring-regulated-custody-stablecoins-and-agentic-payments-to-puffer-unifi
- https://www.ainvest.com/news/crypto-worst-hack-month-2026-custody-story-chaos-story-2610/
- https://x.com/i/status/2106079702351782337
- https://cointelegraph.com/news/sec-moves-to-clear-custody-hurdle-for-advisers-offering-crypto
- https://www.altcoinbuzz.io/sec-custody-plan-non-security-crypto-for-broker-dealers-omb-next
- https://financefeeds.com/the-secs-top-crypto-lawyer-says-custody-is-the-unlock-here-is-what-he-told-firms/
- https://cryptonews.net/news/finance/33531700/