Anchorage Expands Atlas Platform to Manage Ethena Institutional Lending Collateral

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According to The Block, Anchorage Digital announced on Tuesday a new partnership with Ethena Labs to manage collateral for the protocol's institutional lending activity. Under the deal, Anchorage will serve as collateral manager through its Atlas Collateral Management platform, enabling Ethena to extend loans to institutions while keeping assets secured in offchain custody rather than moving them fully onchain. Atlas will provide real-time collateral and loan monitoring, automate margin processes, and execute rules-based actions. Anchorage Digital Bank already serves as the U.S. issuer of Ethena's institutional-grade stablecoin, USDtb.
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