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Why The Anchorage CEO Wants 3,999 Crypto Bank Competitors

Why The Anchorage CEO Wants 3,999 Crypto Bank Competitors

Nathan McCauley said something on the latest episode of “From the Block” that should have stopped the conversation cold. It almost did.

“There was one crypto bank, there are now nine, and what I want is 4,000,” the Anchorage Digital co-founder and CEO told PYMNTS CEO Karen Webster and Citi’s Ryan Rugg. “I want every bank to become a crypto bank.”

Then the kicker: “In a world where there are 4,000 banks, we’re powering 3,999 of them.”

There are roughly 4,000 commercial banks in the United States. McCauley is saying he wants to be the silent infrastructure behind 99.99% of them.

That’s not how founders of category-defining companies usually talk. The standard playbook, especially for a firm that fought eight years…

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