Anchorage supports Compound and TrustToken at launch

San Francisco-based crypto custody firm Anchorage has added support for two new tokens with COMP and TRU being added for institutional clients

Institutional cryptocurrency custodian, Anchorage, has announced that it will support Compound’s governance token (COMP) and TrustToken (TRU) at their respective network launches.

Anchorage has now added five tokens since the turn of the year with Celo being supported before its launch alongside COMP and TRU.

The firm outlined its pride at continually meeting the roadmap especially in light of the very real challenges the current pandemic presents.

“Institutional investors have come to expect prompt support for promising blockchain protocols, and we’re proud to offer our clients the ability to gain exposure to many emerging networks as soon as they go live.” Anchorage said in a statement.

“Support for this particular pair of tokens represents a continued investment in the burgeoning DeFi space—in protocols that are really about unlocking new applications in finance, and the true value of investor holdings. ”

Security is undeniably one of the cornerstones that underpins the cryptocurrency and DeFi industries, which is why companies like Anchorage are considered to be integral over the coming decades.

“TrustToken has been proud to partner with Anchorage in turning our joint commitment to accessibility and security into an industry-leading custody solution for TrustToken institutional purchasers. Through this relationship, our institutional community can custody from day one and well into the future.” -Jai An, Co-Founder and CEO, TrustToken

Rober Leshner, Founder and CEO of Compound, added: “As the ecosystem expands and evolves, platforms like Anchorage will be integral to the creation of a new kind of marketplace—one where crypto is used rather than simply held.”

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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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