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Digital asset custody Anchorage adds support for XRP

Image by Anchorage

Wed, 08 Apr 2020, 13:23 pm UTC

Digital asset custody Anchorage announced on Thursday that it just added support for ripple (XRP).

“Anchorage now supports custody of XRP, a digital asset designed to facilitate fast, efficient cross-border transactions at scale,” Anchorage wrote on its blog.

“XRP is the third largest digital asset by market cap, and there’s an ecosystem of institutions that hold XRP and want a more secure and usable institutional custody solution. We’re proud for Anchorage to provide what these institutions need.”

The crypto custody also announced that its support for XRP depends on a range of resources including the ones contributed to and maintained by the team at Xpring, Ripple’s platform for the developers. It also used the rippled open source server, the node implementation that powers XRP Ledger and the xpl.org for concise documentation.

Anchorage is looking forward to supporting additional services in the future. Its flexible platform will also allow support for more advanced XRP functionalities including Payment Channels should the customers' demand requires for it.

Anchorage raises the bar for digital asset custody. It offers the best of modern security architecture to keep crypto safe.

The platform is also complete with trading, staking, and governance. The qualified custodian also helps SEC-registered investment advisers meet their obligations under federal law. Anchorage serves as a secure and usable custodian to investors by eliminating vulnerabilities that expose private keys to risk.

Aside from XRP, Anchorage supports all assets that meet its quality and safety standards including Aragon (ANT), Augur (REP), Bitcoin (BTC), Bitcoin Cash (BTC), Cosmos (ATOM), Dai (DAI), Decentraland (MANA), Ethereum (ETH), Foam (FOAM), Maker (MKR), Numerai (NMR), OmiseGO (OMG), Paxos Standard (PAX), Sai (SAI), Stellar (XLM), Synthetix (SNX), Tezos (XTZ), TrueUSD(TUSD), USDCoin (USDC), Zcash (ZEC), and Ox (ZRX).

In January, Anchorage launched a new crypto brokerage service called Anchorage Trading that targets institutional investors. The launch happened after Anchorage acquired Merkle Data, a provider of risk and data solutions for crypto institutions.

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