Anchorage Digital, which operates the only U.S. federally chartered digital asset bank, has formed a partnership with cloud-based wealth management company FusionIQ.

The collaboration will provide financial advisors and institutions with access to both traditional assets and the regulated cryptocurrency ecosystem via the FusionIQ platform.

“Integration with existing financial infrastructure is key to unlocking the next phase of digital asset adoption. By placing crypto alongside other traditional assets, our work with FusionIQ is a critical step towards streamlining digital asset access for financial advisors and institutions,” said Nathan McCauley, co-founder and CEO of Anchorage Digital.

RIAs and family offices want a single wealth management platform to access cryptocurrency, alternative assets, and traditional investments in a secure and compliant manner.

The alliance eliminates the operational, logistical, and compliance barriers that have kept certain traditional institutions from participating in the digital asset ecosystem, the firms said.

The agreement follows Anchorage Digital’s November 2023 launch of a crypto separately managed account for RIAs, which will provide custody and trading capabilities to advisors and wealth managers.