![Diogo Monica, co-founder and president, Anchorage](https://arizent.brightspotcdn.com/dims4/default/43f246d/2147483647/strip/true/crop/2500x2500+0+0/resize/740x740!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F4f%2F2e%2Fb32f79df4e5398e9ac89907fb6a1%2Fdiogo-monica3.jpg)
Anchorage, which started as a tech company that offered secure storage for cryptocurrency keys, received a federal banking charter in January from the Office of the Comptroller of the Currency. Diogo Mónica, co-founder and president of Anchorage, explains why his company applied for a bank charter and how it is working with traditional banks.