New Startup Launches Cryptocustody Alternative to Banks

Anchorage is launching a new cryptocustody service as an alternative to financial firms like Goldman Sachs and Fidelity; the startup is launching with a $17mn series A round led by Andreessen Horowitz; unlike some of the other solutions in the crypto market who use cold storage, Anchorage is focused on providing an online based approach with multiple user authentication; the multiple types of biometric authentication is their differentiator, any change to a fund requires multiple users and Anchorage staff approval; the company already counts hedge funds, VC’s and family offices as clients. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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