The conditional approval of Anchorage’s national trust charter application “makes Anchorage Digital Bank National Association the first federally chartered digital asset bank in history,” said Anchorage CEO Nathan McCauley and President Diogo Mónica. “This is a major milestone, not only for us as an organization, but also for the crypto industry and the wider financial world. Crypto deserves a bank," they said.
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SOC audits are a sign that the crypto industry is maturing, according to Anchorage President Diogo Monica (Photo: Anchorage)Crypto custodian Anchorage secures prestigious SOC 1 Type 1 audit
Big four auditor Ernst & Young performed the rigorous review of Anchorage’s financial reporting
“Successfully completing this examination and being granted the SOC 1 Type 1 report more formally signifies something we have long known: the controls and processes Anchorage has developed are world class, and meet a truly rigorous standard,” said Jennifer Lee, Anchorage’s head of compliance.
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Anchorage to custody Oasis Network’s ROSE coin
The Visa-backed crypto custodian will give utility token’s owners the option of holding their assets in an environment that’s more secure than cold storage
The California-based crypto company Anchorage has been chosen as the official custody partner for the Oasis Network’s utility token, ROSE. Anchorage, which counts Visa among its investors, is set to give ROSE token-holders the option of holding their assets in an environment that is both more secure and usable than what cold storage provides. When the Oasis Network’s mainnet launches, this cryptocurrency will enable the blockchain’s participants to initiate and approve transactions securely, vote on governance questions, and benefit from its Proof-of-Stake consensus mechanism. “We have been working with the Oasis Labs team building custody support, testing functionality against their testnets, and helping support their dry run mainnet exercises,” Diogo…
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Anchorage Finance seeks safer Bitcoin loans
A partnership with Silvergate Bank now allows the custodian’s customers to use crypto as collateral for loans
Many people like the idea of using their crypto as collateral for a loan, but they are less keen on the security risks associated with taking their assets out of custody to make it happen.
