Question 1

Where are borrower assets held?

Accepted Answer

Borrower assets are held at Anchorage Digital Bank, N.A., the first federally chartered crypto bank in the United States and a qualified custodian. After signing the collateral agreement, borrowers send assets to an FBO custody account in the lender's name at Anchorage. Borrowers remain the beneficial owners of their pledged assets throughout the loan, and collateral is never lent, rehypothecated, or traded.

Question 2

What digital assets are eligible for the Vault program?

Accepted Answer

At this time, Bitcoin and Ethereum. These two assets represent approximately 70% of aggregate digital asset market capitalization. They benefit from a high degree of liquidity and regulatory clarity.

Question 3

How widespread is digital asset ownership in the United States?

Accepted Answer

Approximately one-fourth of Americans hold digital assets. With growing institutional adoption and political/regulatory clarity, we expect this figure to only increase over time. Digital asset ownership levels represent a real market opportunity for traditional lenders.

Question 4

Is Vault a direct lender?

Accepted Answer

No. We're not competing with lenders. Instead, we support our lending partners with technology infrastructure so that they can unlock new opportunities with customer acquisition and pricing.