Mountain Protocol (acq by Anchorage Digital) logo — The next-gen stablecoin. 
Regulated. Permissionless. Yield-b...

Mountain Protocol (acq by Anchorage Digital)

The next-gen stablecoin. Regulated. Permissionless. Yield-bearing. Acquired by Anchorage Digital.

Founded 2023 Bermuda Bermuda 2 employees Acquired Total: $12.00M

General Information

Company Name Mountain Protocol (acq by Anchorage Digital)
Founded Year 2023
Location Bermuda Bermuda
Employees 2
Funding Stage Acquired
Business Model B2B, Embedded Finance, API
Revenue Model Usage Based, Transaction Fee, Service Fee
Offices as of Aug 2026
Pembroke, Bermuda
Social

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About Mountain Protocol (acq by Anchorage Digital)

Mountain Protocol, founded in 2023, is a digital asset issuer based in Bermuda, regulated by the Bermuda Monetary Authority. The company introduced USDM, the first yield-bearing, nationally regulated USD stablecoin. This innovative asset is backed by US Treasuries, offering a bankruptcy-remote and permissionless solution.

The company operated under the slogan, "The next-gen stablecoin. Regulated. Permissionless. Yield-bearing," until its acquisition by Anchorage Digital, finalized on 01 May 2025. This acquisition aligns with Anchorage Digital's strategy to cement its presence in the digital finance space.

Mountain Protocol's unique offering provided a competitive edge in stablecoin technology, ensuring a regulated and secure avenue for digital transactions. Their approach appeals to investors interested in a credible and sustainable digital asset option, which is crucial for attracting venture capital in the evolving financial industry landscape.

Business keywords: Stablecoin, Regulated Finance, Digital Asset Issuer, Yield-Bearing Asset, US Treasuries, Bankruptcy Remote, Permissionless Composability, Enterprise-Grade Finance, Digital Currency, Financial Security, Risk-Free Rate Access, Blockchain Finance, Custody Solutions, Treasury-Backed

Services & Products

USDM minting and redemption
Cryptocurrency trading
Smart contract integration
Decentralized finance solutions
Bankruptcy remote asset management

Target Customers

Institutional investors Decentralized finance participants Cryptocurrency exchanges Blockchain developers Businesses incorporated in supported countries

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Acquisition Undisclosed 1
Anchorage Digital
01 May 2025
Series A $8.00M 7
Castle Island Ventures, Multicoin Capital +5
01 Jun 2024
Seed $4.00M 6
Castle Island Ventures, Coinbase Ventures +4
01 Sep 2023

Mountain Protocol (acq by Anchorage Digital) Alternatives & Competitors

Mountain Protocol (acq by Anchorage Digital) vs

The next generation of decentralized financial payment ecosystem.

3 employees
Blockchain, Financial Services
Mountain Protocol (acq by Anchorage Digital) vs
blackfridge
blackfridge Man (isle Of)

Innovative Fintech and issuer of GBPT

Seed
2 employees
Financial Services, Fintech

FAQ About Mountain Protocol (acq by Anchorage Digital)

The next-gen stablecoin. Regulated. Permissionless. Yield-bearing. Acquired by Anchorage Digital.
Mountain Protocol (acq by Anchorage Digital) was founded in 2023.
Mountain Protocol (acq by Anchorage Digital) is headquartered in Bermuda. As of Aug 2026, it also has offices in Pembroke, Bermuda.
Mountain Protocol (acq by Anchorage Digital) has a B2B, Embedded Finance and API business model. Its revenue comes from Usage Based, Transaction Fee and Service Fee.
Mountain Protocol (acq by Anchorage Digital) has approximately 2 employees.
Mountain Protocol (acq by Anchorage Digital) has completed 3 funding rounds, raising a total of $12.00M. The latest funding stage is Acquired.
Mountain Protocol (acq by Anchorage Digital) offers: USDM minting and redemption, Cryptocurrency trading, Smart contract integration, Decentralized finance solutions, Bankruptcy remote asset management.
Top alternatives and competitors to Mountain Protocol (acq by Anchorage Digital) include BETREASURY ASSET MANAGEMENT AG, blackfridge. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Mountain Protocol (acq by Anchorage Digital) and BETREASURY ASSET MANAGEMENT AG are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Mountain Protocol (acq by Anchorage Digital), https://bouncewatch.com/company/mountain-protocol, updated 13 August 2026. When citing, please name BounceWatch and link this page.

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