Anchorage Digital to provide custody support for Saturn
08 May 2026 US
Image: Lemonsoup14/stock.adobe.com
Anchorage Digital, an institutional crypto platform and operator of federally chartered Anchorage Digital Bank, will provide custody support for Saturn, a new platform building stablecoin products.
Instruments on Saturn will be backed by Strategy Variable Rate Perpetual Stretch Preferred Stock (STRC), which is designed to maintain a stable US$100 price.
The integration will allow clients of Anchorage Digital to custody USDat, a stablecoin backed by tokenised US Treasuries and designed for DeFi liquidity, and sUSDat, a token referencing the performance of STRC, on its regulated platform.
According to Anchorage, sUSDat’s underlying exposure is intended to provide transparency into the composition of assets and how different types of exposure are represented onchain, by being tied to Bitcoin-backed instruments such as STRC.
Commenting on the partnership, Nathan McCauley, co-founder and CEO of Anchorage Digital, says: “By supporting Saturn, we’re helping bring Bitcoin-backed credit products into an institutional framework, making them more accessible, transparent, and scalable.”
Ellis Osborn, co-founder of Saturn, adds: “Saturn is building the application layer for a new financial system backed by Bitcoin.
“Anchorage Digital’s regulated custody platform provides the foundation we need to bring these products to institutional users with the security and trust they expect.”
Instruments on Saturn will be backed by Strategy Variable Rate Perpetual Stretch Preferred Stock (STRC), which is designed to maintain a stable US$100 price.
The integration will allow clients of Anchorage Digital to custody USDat, a stablecoin backed by tokenised US Treasuries and designed for DeFi liquidity, and sUSDat, a token referencing the performance of STRC, on its regulated platform.
According to Anchorage, sUSDat’s underlying exposure is intended to provide transparency into the composition of assets and how different types of exposure are represented onchain, by being tied to Bitcoin-backed instruments such as STRC.
Commenting on the partnership, Nathan McCauley, co-founder and CEO of Anchorage Digital, says: “By supporting Saturn, we’re helping bring Bitcoin-backed credit products into an institutional framework, making them more accessible, transparent, and scalable.”
Ellis Osborn, co-founder of Saturn, adds: “Saturn is building the application layer for a new financial system backed by Bitcoin.
“Anchorage Digital’s regulated custody platform provides the foundation we need to bring these products to institutional users with the security and trust they expect.”
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