The Company "Anchorage" and New Financing in the World of Cryptocurrencies
A month ago, Anchorage turned to the main digital currency organization to obtain a state banking contract in the United States of America.
Anchorage closed a $ 80 million funding round led by the Singapore Fund.
Some names have been added to the organization's funding round.
Both major representatives of the US Federal Reserve run Anchorage, a cryptocurrency custodian, which means it maintains forms of cryptography for other institutions.
However, its departments have bypassed warehousing operations, as the organization allows its clients to quickly move reserves, distribute resources to acquire currencies and participate in managing agreements.
The Project Financing Series is intended for existing organizations that hope to grow to have the option to access new business sectors and / or make acquisitions.
The Anchorage authors wrote in a post on Medium today that the support raised will help associations participate in the routes.
Being the primary public bank places us in the overlap of two frameworks:
Monetary Framework for Heritage, and the Emerging World of Computerized Resources
We focus on collaborating with a wide range of monetary institutions to make awarding crypto benefits simple and secure.
He needs to move more institutional clients into the crypto offering and make room for it, as organizations like Tesla gobble up huge amounts of Bitcoin.
It won a credit contract from the Office of the Currency Controller, an independently supervised office from the U.S. Treasury that manages public banks and credit societies.
From that point on, Anchorage's money formed a "computerized bank".
Regardless of the name of a "bank," this does not mean that the institution will operate like the major American banks.
A true safe haven interest has been deemed a qualified trustee by the Securities Commission.
Likewise, the contract stipulates that Anchorage at present does not need to follow the activities of allowing the sending of cash.
