As cryptocurrency gains more mainstream acceptance and adoption, the need for secure and reliable custody solutions has become increasingly important. Anchorage, a leading digital asset custody and infrastructure company, has emerged as a key player in the institutional crypto space.
Anchorage was founded in 2017 by Nathan McCauley and Diogo Monica, both former security engineers at Docker. The company’s mission is to provide institutional-grade custody services that prioritize security, compliance, and accessibility.
One of Anchorage’s key features is its use of a proprietary security technology called Anchorage Security Framework (ASF). The ASF is a multi-layered security protocol that includes hardware security modules (HSMs), biometric authentication, and geographically distributed secure computing nodes. This comprehensive security approach ensures that client assets are protected against both digital and physical threats.
In addition to its advanced security measures, Anchorage is also committed to regulatory compliance. The company is a qualified custodian under SEC Rule 206(4)-2 and is licensed by the Department of Financial Institutions in South Dakota. Anchorage also maintains an SOC 2 Type 2 compliance certification, which verifies the effectiveness of its internal controls and procedures.
Anchorage’s custody services are designed to support a wide range of digital assets, including Bitcoin, Ethereum, and other popular cryptocurrencies. The company also offers staking services, allowing clients to earn rewards on their crypto holdings.
One of the unique aspects of Anchorage’s custody solution is its accessibility. Clients can manage their assets using Anchorage’s user-friendly web interface or through its API. Additionally, Anchorage provides insurance coverage for client assets, further enhancing the security of its custody services.
Anchorage has attracted significant investment from some of the biggest names in the venture capital and crypto spaces. The company has raised over $137 million to date from investors such as Blockchain Capital, Lux Capital, and Andreessen Horowitz.
In conclusion, Anchorage has emerged as a leading custodian in the institutional crypto space due to its focus on security, compliance, and accessibility. Its proprietary security protocol, regulatory compliance, and insurance coverage make it a trusted partner for institutional investors looking to securely store their digital assets. As cryptocurrency continues to gain mainstream adoption, companies like Anchorage will play an increasingly important role in the ecosystem.