Anchorage Launches ETH-Backed Loans with BankProv, the 10th Oldest Bank in the US

Anchorage has launched an ETH-backed loan with BankProv, the 10th oldest bank in the United States with a 200-year history, according to The Block on June 4. The Anchorage will continue to hold ETH as collateral, while BankProv extends a line of credit denominated in U.S. dollars and backed by ETH. The partnership is exclusively for institutions that work with these companies.