Anchorage Digital said it has acquired B2B payments platform Routable, with financial terms of the deal not disclosed. Routable offers a developer-first API that helps businesses onboard and verify payees, automate tax and compliance workflows, and make bulk payouts to creators, contractors, sellers, and other recipients in more than 220 countries. The platform supports both fiat and stablecoin payments.
Anchorage Digital said the deal will broaden its client reach beyond crypto-native companies to include traditional financial institutions entering digital assets, as well as large technology companies and Fortune 500 firms with significant payout needs. The company also said Routable will continue under a new brand. Stablecoin and tokenized deposit products are expected to launch over the next several quarters, according to the announcement.
Anchorage Digital has acquired B2B payments platform Routable, with the value of the transaction undisclosed.
Routable provides a developer-first API that helps businesses onboard and verify payees, automate tax and compliance workflows, and handle bulk payouts to creators, contractors, sellers, and other recipients in more than 220 countries. It supports payments in both fiat and stablecoins.
Post-deal expansion plan
Anchorage Digital said its client base will expand beyond crypto-native firms to include traditional financial institutions moving into digital assets, along with large technology companies and Fortune 500 businesses that have significant payout needs.
The company said Routable will operate under a new brand. Stablecoin and tokenized deposit products are expected to roll out over the next several quarters.
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