Crypto custody company adds XRP to institutional clients




Crypto depository company complements XRP for institutional clients


The Anchorage Trust Company qualifies digital asset depository has added XRP to its list of assets supported by its institutional note solution. The company announced support for the world's 3rd largest cryptocurrency in one blog posts on April 2.


Anchorage says its depository solution is more secure than cold storage, while also providing the benefits of asset utilization, offering features like staking, airdrops, and even trading from custody wallets. .


Xpring Resources provides a reliable solution


According to Diogo Mónica, co-founder and president of Anchorage, XRP support depends on resources including those developed and maintained by Ripple's Xpring development platform. Most notably, Ripple's open source server - which powers XRP Ledger.


A depository solution for XRP is available to institutional investors today, with plans to add additional services in the future. The project emphasizes:



"The flexibility of the Anchorage platform allows us to support more advanced XRP functionality, such as the Payment Channel if customers need it."



A member of the Libra Association


Anchorage is one of the original members of the Libra Association, and as Toiyeubitcoin reported, like many other pro-Libra companies, Anchorage has joined a rival stablecoin project called "Celo" - under the "Alliance". Celo ”.


Anchorage is also a member of the Blockchain Union and Crypto Ratings Board, and is backed by big names including Andreessen Horowitz, Blockchain Capital and Visa.


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According to CoinTelegraph
Translated by ToiYeuBitcoin