• Anchorage Digital acquires Routable to expand its institutional payments infrastructure
• Deal combines regulated stablecoin services with enterprise payout technology
• Financial terms remain undisclosed
• Routable reports annual growth of at least 100% over two years
• Acquisition targets major technology companies and Fortune 500 businesses
• Routable will operate as Routable by Anchorage Digital
• Integrated stablecoin and tokenized deposit settlement services will launch over coming quarters
• Move could intensify competition with traditional banking payment providers

Anchorage Digital has acquired enterprise payments platform Routable in a move designed to accelerate the adoption of stablecoins and integrate digital assets into mainstream corporate payment infrastructure.

The acquisition, announced Tuesday, will combine Anchorage Digital's regulated cryptocurrency banking and settlement capabilities with Routable's enterprise payout technology. Financial terms were not disclosed.

The transaction represents a significant expansion of Anchorage Digital's ambitions beyond cryptocurrency markets, positioning the company to serve major technology businesses, multinational corporations and financial institutions seeking integrated payment solutions across traditional currencies and digital assets.

Under the arrangement, Anchorage Digital will provide infrastructure supporting stablecoin issuance, custody and settlement, while Routable will manage payment distribution and connect corporate enterprise resource planning systems to established payment networks.

Routable specializes in automating complex business payment operations, including payee onboarding, identity verification, tax compliance and high-volume disbursements. Its technology uses a developer-focused application programming interface to integrate payment processing into existing enterprise systems.

The company, which counts OpenAI CEO Sam Altman among its early investors, has reported annual growth of at least 100% over the past two years.

Anchorage Digital CEO Nathan McCauley described the acquisition as the culmination of a strategy to extend institutional digital asset infrastructure into the wider corporate economy.

"We spent nearly a decade earning the trust of crypto natives and the world's largest financial institutions, and knew Big Tech and Fortune 500 companies would follow," McCauley said.

He added that large corporations move billions of dollars daily but have historically lacked regulated providers capable of delivering seamless payment services across conventional and digital currencies.

The acquisition also highlights Anchorage Digital's established position within the evolving US regulatory framework for digital assets.

In 2021, the company secured a federal trust bank charter from the Office of the Comptroller of the Currency, becoming an early recipient of federal banking authorization specifically focused on digital assets.

However, its regulatory journey has included significant compliance challenges. In 2022, the OCC imposed a consent order requiring improvements to the company's anti-money laundering controls. That enforcement action was subsequently terminated in 2025 following a three-year remediation period.

The acquisition comes as stablecoins increasingly attract interest from corporations seeking faster settlement, reduced payment friction and more efficient cross-border transactions.

Routable CEO and co-founder Omri Mor said the combination would allow customers to retain their existing payment capabilities while gaining access to regulated digital asset infrastructure.

"Joining Anchorage Digital means our clients get the same rails they rely on today, plus a regulated bridge into digital assets the moment they want it," Mor said.

Following the acquisition, Routable will operate under the brand Routable by Anchorage Digital. Its platform will incorporate native stablecoin and tokenized deposit settlement capabilities, creating what the companies describe as an asset-agnostic payment orchestration platform.

Routable co-founder Tom Harel emphasized that corporate customers prioritize payment execution rather than the underlying technology or currency.

"The companies we serve don't think in terms of digital assets versus fiat, they think in terms of payouts that arrive," Harel said.

The transaction reinforces McCauley's longstanding argument that stablecoins are evolving from cryptocurrency trading instruments into essential components of financial infrastructure.

In a 2025 interview, he characterized stablecoins as becoming "core plumbing in the digital financial system."

For financial institutions, the combination could intensify competition in enterprise payments as regulated digital asset providers move into services traditionally dominated by banks and established payment processors.

Anchorage Digital and Routable expect to introduce integrated products over the coming quarters, although neither company has disclosed a detailed implementation timetable.