The Anchorage cryptocurrency custodian for institutional investors launched following a $17 million funding round led by venture fund Andreessen Horowitz, a press release states Wednesday, Jan. 23.
According to the announcement, PayPal co-founder Max Levchin’s SciFi VC, venture company Khosla Ventures, Mark McCombe of investment firm Blackrock, and others also took part in the series A funding round.
The developers claim they intended to make a custodian that would be more secure than cold storage in order to better support institutional investments, along with enabling active on-chain participation.
Anchorage claims to be based on the principles of easy access to assets, voting, auditing proof of existence, and quick transactions. Anchorage believes that large scale investments in digital assets, such as those from institutional players, will bring new growth…