Anchorage Digital has acquired payouts platform Routable.
Anchorage did not disclose the price it paid for the platform, which helps commercial and enterprise businesses onboard payees, automate compliance, and orchestrate high-volume payouts via a developer-first API. Routable’s clients include Veho, Ethos, and Polestar.
“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,” Nathan McCauley, Anchorage Digital’s co-founder and CEO, said in a press release. “These entities move billions every day, and until now, few regulated partners could provide a seamless offering across both fiat and digital assets. With Routable, Anchorage Digital has become that partner.”