#Custody Services News

Cryptocurrency startup Anchorage granted provisional federal charter bank OK

Anchorage Becomes the First Digital Bank to Function As a Traditional Bank

January 14, 2021 by Wayne Jones at Bitcoin

Cryptocurrency startup Anchorage Hold LLC has received conditional approval from the US currency control office to become an official federal government bank. Qualified Custodian for Institutional Investors Anchorage, now officially known as the National Association of Anchorage Digital Bank, was the first cryptocurrency company to receive the Bundesbank charter. It...

Cryptocurrency Custody Services are Missing a key Ingredient: Inheritance Clauses

January 7, 2020 by Ashwath Balakrishnan at Bitcoin

Being one of the most securely managed asset classes in the world is mostly a perk, but it does have its pitfalls as well. BBC News claims that there is research estimating that nearly 3.8 million bitcoin has been lost forever by people who passed away without giving access information to anyone...

BitGo and Bitstamp Partner for Digital Asset Custody Service

October 10, 2019 by Aisshwarya Tiwari at Bitcoin

In a press release issued on October 9, 2019, major European cryptocurrency exchange Bitstamp announced that it would expand its partnership with leading digital assets custodian BitGo to include the custodianship of its own crypto holdings. Digital Asset Transfer Begins Soon As the adoption of cryptocurrencies continues to surge steadily,...