The proposed bank would serve institutional clients with custody and stablecoin services while operating as a separately capitalized subsidiary under OCC supervision.
The Nasdaq Composite gained 1.05%, while Coinbase and Circle each advanced more than 2%.
Eligible institutional clients can open accounts through Anchorage Digital Singapore alongside Anchorage Digital Bank N.A.
He said a $6 purchase could have moved the token’s market capitalization by about 5% at launch.
A shift in the cheapest-to-deliver bond could trigger forced futures repositioning. The U.S. 30-year Treasury yield is approaching 6%.
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