Today in crypto, a subsidiary of the Deutsche Börse Group launched AnchorNote to let institutions trade across venues without moving assets out of custody, industry executives are gearing up for a meeting with lawmakers in Washington, D.C. to advance the BITCOIN Act, and Strategy boosted its Bitcoin holdings to more than $73 billion after its latest purchase.
Deutsche Börse subsidiary launches off-exchange settlement for institutions
Crypto Finance, a subsidiary of Deutsche Börse Group, launched a new off-exchange settlement solution to improve capital efficiency and trading flexibility for institutional crypto investors.
The new product, Crypto Finance AnchorNote, allows institutions to trade on different platforms without moving their assets out of custody. It also helps them settle trades off-exchange and earn yields within a compliant, risk-controlled setup, according to a Tuesday announcement.
“With Crypto Finance AnchorNote, we are closing a critical gap between custody and capital efficiency,” said Philipp Dettwiler, head of custody and settlement at Crypto Finance. The launch is initially focused on the Swiss market, with a broader European rollout expected in the near term.
The system integrates BridgePort as a middleware layer to coordinate messaging across exchanges and custodians. “Together with BridgePort, we are delivering an integrated solution that allows institutional clients to operate securely, flexibly, and in real time,” Dettwiler added.
Crypto Finance said that AnchorNote makes it easy to move collateral between platforms quickly. Institutions can access the service either through a user-friendly interface or a direct API connection.
US lawmakers tap Saylor, Lee to advance Bitcoin reserve bill
US lawmakers are set to meet with 18 crypto industry executives, including Strategy chairman Michael Saylor, on Tuesday to discuss how Congress can move forward with President Donald Trump’s Strategic Bitcoin Reserve.
Attendees will also include Fundstrat CEO Tom Lee, who is also the chairman of BitMine, as well as MARA CEO Fred Thiel, according to crypto advocacy group The Digital Chambers, which shared the full list with Cointelegraph on Monday.
The industry executives are looking to build momentum behind the BITCOIN Act, a measure introduced by US Senator Cynthia Lummis in March that calls on the government to acquire one million Bitcoin (BTC) over five years.
The roundtable will be hosted by The Digital Chambers and its affiliate, The Digital Power Network.
Strategy’s Bitcoin stash hits $73 billion with 638,985 BTC in treasury
Strategy, the business intelligence company co-founded by Michael Saylor, has increased its Bitcoin holdings to more than $73 billion after a reported purchase as part of its treasury strategy.
In a Monday notice, Saylor said the company had acquired 525 Bitcoin for about $60 million, given an average price of $114,562 per coin. The additional Bitcoin resulted in Strategy’s holdings totaling 638,985 BTC, worth more than $73 billion at the time of publication.
The Bitcoin purchase was part of Strategy’s accumulation strategy, launched in August 2020 with a $250-million BTC investment. Since that initial investment, the company has regularly announced significant BTC buys, including a report of a $450 million purchase at the end of August and early September.
Saylor’s accumulation of Bitcoin through Strategy marked one of the first significant moves for a company to set up a cryptocurrency treasury as a potential hedge against inflation.
