Anchorage Digital has applied for the Federal Reserve's main deposit account

Crypto reporter Eleanor Terrett posted a statement saying that according to the latest disclosed Federal Reserve database information, Anchorage Digital has applied for the Federal Reserve's Master Account. Previously, he asked Nathan McCauley, co-founder and CEO of crypto bank Anchorage Digital in June whether to apply for a Fed main deposit account, but he refused to respond to the matter at the time. The main deposit account is the operating basis for the bank to settle transactions directly with the central bank and hold balances at the Federal Reserve. Without such access, the bank must use a third-party intermediary to process the payment. If Anchorage Digital had a main account, it could become the first crypto bank to hold assets other than digital currencies like traditional financial institutions.