In another sign of bullish attitudes for the technology, crypto custody firm Anchorage has secured a Series B round of funding to the tune of $40 million. Among the supporters are VISA, Blockchain Capital and Andreessen Horowitz. The Series B financing arrives just six months after Anchorage secured a $17 million Series A deal.
Crypto custody techniques have become increasingly important in an attempt to attract institutional investors. In the still early days of digital assets, there are no set standards for storing coins or tokens, leading to some of the largest exchange hacks and losses due to shoddy storage techniques.
The approach of Anchorage goes beyond mere cold storage, which m...