The El Dorado working group of the US Department of Internal Security is said to have launched an investigation into Anchorage Digital Bank, a cryptocurrency company on the back of Wall Street.
According to a Barron report on April 14, members of the working group have contacted former company employees in recent weeks to examine its practices and policies. Citing unidentified sources, the report says that the investigation examines potential financial crimes within anchorage.
The probe of the Homeland working group alludes to transnational financial activities. Created in 1992, the El Dorado working group focuses on “transnational money laundering” activities and the financial crimes carried out by organizations.
Anchorage is co-founded by the Portuguese-American entrepreneur Diogo Mónica and Nathan McCauley, according to his website. With its American companies, Anchorage has operations in Singapore and Portugal. Its investors include Andreessen Horowitz, Goldman Sachs and Visa, among others.
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Anchorage Digital is the only Federal Charter cryptography bank in the United States. He received his Trust Bank National Charter from the office of the Currency Controller (OCC) in January 2021.
Despite its advanced regulatory position, Digital Anchorage has faced regulatory challenges in the United States. In April 2022, the occurrence made a consent order against the bank for deficiencies in its law on banking secrecy and anti-flask compliance programs. At the time, the company was sentenced to establishing a committee to resolve the alleged problems under the OCC monitoring.
Cointelegraph stretched out in Anchorage to comment but had not received an answer at the time of publication.
Faced with the anchorage crypto
Anchorage has been founded in 2017 and since then has expanded its cryptographic footprint with services for institutional customers. The company is a goalkeeper of the Bitcoin negotiated Bitcoin (ETF) funds alongside Coinbase and Bitgo. Blackrock BTC funds have attracted more than $ 35.5 billion in cumulative admissions since its launch in January 2024.
Cantor Fitzgerald is another anchorage customers. The company has offered the custody and the management of guarantees for Bitcoin Holdings of Cantor since March 2025. Anchorage said more than $ 50 billion in management in 2024.
Among the competitors of the Anchoration Guard are players such as Ripple, Kraken, Taurus and Fireblocks, but the storage of digital assets has also attracted traditional financial institutions in the field of cryptography. HSBC, CITI and BNY Mellon – the oldest American bank – are also in competition to protect cryptographic assets for institutional customers.
According to Adam Levine de Fireblocks, vice-president of business development director, the American market lacks qualified guards for digital assets. “”[…] There are limited options for certain market players to retain their digital assets in security via a qualified goalkeeper, “Levine at Cointelegraph told a previous interview.
A survey in 2025 by EY reveals that 59% of institutional investors plan to allocate more than 5% of their assets under management to cryptocurrencies, indicating a growing demand for institutional childcare services.
Institutional investors should increase crypto allowances in 2025. Source: Ey
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