Share this article
Anchorage Hires Former Wells Fargo Digital Assets Executive for Banking, Capital Markets
Chapman will connect banks to Anchorage’s trading, custody and lending products.
Updated May 11, 2023, 4:14 p.m. Published Aug 26, 2021, 2:38 p.m.
Crypto bank Anchorage said Thursday it has hired former Wells Fargo blockchain executive Ken Chapman to be its director of banking and capital markets products.
“My primary role is going to be helping Anchorage address the overwhelming demand they’re receiving from banks for their services, including custody, trading and lending,” Chapman said. “I’m also going to be helping banks look at a different paradigm for settlement using blockchain as a rail.”
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Chapman led digital assets and blockchain initiatives for the capital markets team at Wells Fargo for two years. He has also worked for Bank of America, BNY Mellon, investment firm Bridgewater Associates, JPMorgan and UBS.
Chapman said he envisions most banks setting up lending facilities for customers to take out loans against crypto collateral in the future. In addition to providing trading and custody services, banks will be looking for a federally chartered institution to partner with, he said. In June, Anchorage began offering ether-backed loans through Massachusetts-based BankProv.
“Anchorage is the first digital asset company to receive a federal charter from the OCC,” Chapman said, referring to the Office of the Comptroller of the Currency. “This is the same charter that other banks like BNY Mellon … I am moving from a traditional bank to a digital asset bank, but it’s still a bank.”
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
What to know:
- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
Top Stories
