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Andreessen Horowitz Backing Anchorage Crypto Custodian Platform Launches

The Anchorage cryptocurrency custodian for institutional investors launched following a $17 million funding round led by venture fund Andreessen Horowitz.

Recently, Andreessen Horowitz venture fund announced a $17 million funding round, on the second hand, the Anchorage cryptocurrency custodian platform gets launched specifically for institutional investors.

Accordingly to the press release, Max Levchin a co-founder at PayPal and Khosla Ventures, a SciFi venture company, Mark McCombe of Blackrock investment firm and many more participated in the series “A” funding round.

The developer claims to intend making a custodian to offer security major than cold storage. However, this will in turn support institutional investments, and enable them to actively show on-chain participation.

Anchorage is working on the principles focusing on easy access to voting, assets, auditing proof of existence, and easy transactions. They believe that investing in large scale digital assets. Especially from institutional players will help to drive in new growth to the blockchain tech.

Recently, Andreessen Horowitz shows actively investment regarding crypto startups. He also participated in the Series “E” for equity financing round based on crypto exchange and wallet service provider Coinbase. Previously, they were planning to utilize the $300 million rise for sparking the cryptocurrencies adoption.

There is some more supportive prediction on a growing interest in crypto space, as few experts in Fintech are supporting their back. The Fintech and crypto expert in Asia supporting PricewaterhouseCoopers Hong Kong, Henri Arslanian states his belief.

He thinks that there are a majority of exciting aspects which crypto ecosystem needs to inherit in 2019. Arslanian elaborates that next year is different from 2018 looking at the clarity in increased regulatory.

Also know more about Crypto InformationsBitcoin Earning, Top 10’s in Crypto Market.

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Coinpedia Staff

This is an official account of Coinpedia.org, used to publish sponsor information including Press release and sponsored news. It is also used to update information on wallet, tools and DEX.

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