Anchorage Digital wins custody mandate for MHC Digital Group

Yasmine Raso

Senior Journalist, Financial Newswire

28 July 2025

Australian digital assets platform, MHC Digital Group, has selected the US’ only federally regulated cryptocurrency bank, Anchorage Digital, to take on digital asset custody responsibilities for the Australian wholesale and institutional market.

The custody mandate would apply to MHC’s digital assets trading platform which launched late last year, MHC Markets, and would seek to strengthen MHC’s existing “trading, technology and regulatory framework” via secure custody controls.

The deal comes as the Australian funds management industry prepares for digital asset custody legislation to come into effect over the next financial year, as institutions also rely heavily on stringent regulation and risk management procedures in place to participate in digital asset investment.

“Wholesale and institutional investors in Australia require more than just access—they should have confidence in the infrastructure behind their digital asset exposure,” Edward Carroll, Head of MHC Markets, said.

“By selecting Anchorage Digital, we’re bringing one of the world’s most battle-tested custody solutions to Australia.

“This collaboration reflects where the market is heading—regulated, secure, and fully integrated infrastructure that supports institutional growth. The timing aligns with the Australian government’s commitment to implementing a digital asset regulatory regime this year, further validating the need for solutions like ours.

“We’re creating a scalable, high-trust foundation for the next wave of digital asset adoption across the region.”