TL;DR: The acquisition unites regulated stablecoin infrastructure with the fiat payout rails that move billions of dollars for companies like Ethos, Veho, and Polestar.
Today, Anchorage Digital announces it has acquired Routable, a payouts platform that helps commercial and enterprise businesses onboard payees, automate compliance, and orchestrate high-volume payouts globally via a developer-first API. Founded in 2017 and backed by the likes of Sam and Jack Altman, Max Mullen, and Joe Gebbia to name a few, Routable has grown over 100% for two consecutive years. The company now serves Enterprise clients such as Veho, Ethos and Polestar.
Behind every streaming platform paying millions of artists, every marketplace paying millions of sellers, and every app store paying millions of developers sits the same hard problem: the money has to arrive in 220 countries, in the right currency, on time, every time. And the infrastructure that does it has to sit quietly between a company’s ERP and the world’s payment rails without ever becoming the story. This is the work that Routable does at scale.
Serving Big Tech and Fortune 500
Anchorage Digital’s trajectory has been deliberate. The company’s founding bet in 2017 was that institutional adoption of digital assets would arrive in stages, and that whichever platform built the most secure, most regulated foundation first would be the one each stage landed on, so it built in that order.First came crypto-native firms that needed a qualified custodian they could trust with billions in digital assets. Then came traditional financial institutions: banks, asset managers, and payment networks entering digital assets through America’s first federally regulated digital asset bank.
Each stage was a prerequisite for the one that followed, and the next was always technology platforms and Fortune 500 companies whose core business is not crypto at all, but whose payout, treasury, and disbursement needs are among the largest in the world. Serving them requires more than custody and issuance, it requires the last mile of fiat. That is the capability Anchorage Digital has been building toward for nearly a decade, and now offers via Routable.
“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. 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.” —Nathan McCauley, CEO and Co-Founder, Anchorage Digital
One platform for issuance and distribution
The strategic logic of the acquisition is completion. Anchorage Digital provides regulated infrastructure for stablecoin issuance, custody, and settlement. Routable provides the payout distribution layer, the orchestration between a client’s ERP and the rails that move money in every major market. Together, a corporate treasurer can issue on the same platform they distribute from, whether a payment settles in dollars, euros, stablecoins, or tokenized deposits.
Moving forward, Routable will operate as Routable by Anchorage Digital, supported by its federally chartered custody and settlement infrastructure. Native stablecoin and tokenized deposit settlement will be embedded into the Routable offering, creating the first truly asset-agnostic payment orchestration platform.
“We spent years building the plumbing that lets the world’s fastest-growing companies pay anyone, anywhere. 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.” —Omri Mor, CEO and Co-Founder, Routable
“The companies we serve don’t think in terms of digital assets versus fiat, they think in terms of payouts that arrive. This acquisition means they never have to choose.” —Tom Harel, Co-Founder, Routable.
A payments business that stands on its own
Routable is a complementary, fiat-native business, and that is the point. Anchorage Digital brings the regulated digital asset side, while Routable provides a proven payments business, with revenue built on payment volume. Together, they make Anchorage Digital the single end-to-end platform for the world’s most tech-forward corporations, one partner for every dollar, whether it settles over traditional rails or digital ones.
The combined company serves clients across both businesses from day one, with integrated offerings rolling out over the coming quarters. To find out more about Routable by Anchorage Digital, please visit Routable.com.
About Routable
Routable is the enterprise payouts platform for businesses that need to move money at scale. Through a developer-first API, Routable enables businesses to onboard and verify payees, automate tax and compliance workflows, and orchestrate high-volume payouts to millions of creators, contractors, sellers, drivers, affiliates, and other recipients across 220+ countries.
Routable supports both fiat and stablecoin payouts, with built-in tax compliance, including W-9s, W-8s, and 1099s, and infrastructure designed for the security, controls, and auditability required by the enterprise.
Routable is a subsidiary of Anchorage Digital, home to America’s first federally chartered digital asset bank powering modern financial markets. For more information, visit www.routable.com.
About Anchorage Digital
Anchorage Digital is the proven infrastructure layer for modern financial markets that gives institutions a single platform to participate in digital assets, including prime services, tokenization, stablecoins, and the governance framework for agentic finance. Home to Anchorage Digital Bank N.A., America’s first federally regulated digital asset bank, Anchorage Digital also serves institutions through Anchorage Digital Singapore, licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. Anchorage Digital Bank also offers fiat custody services through an FDIC-insured, licensed sub-custodian. Anchorage Digital is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a valuation of $4.2 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, X, YouTube, and LinkedIn.
Press Contacts: Anchorage Digital press@anchorage.com