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Anchorage Digital Is Building a Bank for Money That Never Sleeps
A pair of security engineers turned crypto custody into a federally chartered bank. Now Anchorage Digital wants to supply the vaults, settlement rails and stablecoins for an always-on financial system.
Block
Block, Inc. is a global financial technology company that builds tools for economic empowerment. Founded in 2009 as Square by Jack Dorsey and Jim McKelvey, it renamed itself Block in 2021 to reflect a broader mission spanning commerce, consumer finance and bitcoin. The company operates a portfolio of ecosystems - Square for sellers, Cash App for individuals, Afterpay for buy-now-pay-later, plus TIDAL, Bitkey and Proto - and trades on the NYSE under the ticker XYZ.
Kraken
Kraken is one of the oldest and largest cryptocurrency exchanges in the world, founded in 2011 and launched in 2013 by Jesse Powell after the Mt. Gox security failures convinced him crypto needed an exchange built on trust. Operated by parent company Payward, Inc., Kraken lets retail and institutional clients buy, sell, trade, stake, and self-custody dozens of digital assets, alongside crypto futures, margin, and index products. By late 2025 it served over 5 million funded accounts, held tens of billions in client assets, and was preparing for a public listing.