Anchorage Digital Buys Routable to Add Corporate Payment Rails

Anchorage Digital has purchased Routable, the corporate-payments platform, and will rebrand the business as part of its product lineup. The companies said the acquired unit will operate under a new name as Anchorage integrates it into its broader suite of services. Specific financial terms of the acquisition were not disclosed in the provided excerpt. The combined firm intends to layer crypto-native rails onto Routable's existing payment infrastructure. Anchorage plans to add stablecoin-based payment functionality as well as tokenized deposit products, aiming to provide on-chain liquidity options for corporate customers. These offerings are slated to roll out in stages over the coming quarters. Anchorage's move expands its remit from custody and institutional crypto services into corporate payments and tokenized banking primitives. By combining Routable's payment orchestration with Anchorage's custody and tokenization capabilities, the company is positioning itself to offer end-to-end flows that move value between fiat and on-chain instruments. The acquisition reflects broader industry interest in blending traditional corporate finance tools with blockchain-based rails. If implemented as described, the integration could streamline treasury operations for businesses that want to utilize stablecoins or tokenized deposits as part of their liquidity management, though the excerpt does not provide details on regulatory approvals, timelines beyond 'coming quarters,' or product specifics.