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Anchorage Keeps Building

Anchorage
Anchorage
Oct 6 · 4 min read

New GC, Board Expansion, and New York Presence Are the Latest in a Year of Growth

Diogo Mónica and Nathan McCauley

As the 4th quarter of 2020 begins, Anchorage keeps building. Today, we’re pleased to announce a number of significant developments in the story of Anchorage: we’ve brought on a new General Counsel, added a seat to the Board of Directors table, planted a flag in New York, and continue to expand our growing suite of digital asset financial services for institutions.

Welcome, Georgia Quinn

The new head of our legal department, Georgia Quinn brings with her extensive experience in capital markets, alternative finance and M&A, as well as digital assets. With a career thus far defined by an intense passion for both securities law and technology — and experience successfully shepherding new financial products to market in emerging industries, under intense regulatory scrutiny — Georgia will be instrumental in scaling our business now and in the future, particularly as we continue to forge partnerships with legacy financial players, and expand our offerings under the umbrella of Anchorage Financing.

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“The digital asset space is the most exciting place to be for a securities lawyer. This is where new law is being made and old law is being further defined. Anchorage has already solved many of the technical challenges associated with digital asset finance. I am excited to continue to work on the legal challenges prevalent in this industry. We are penning the future today.”

-Georgia Quinn, General Counsel, Anchorage

Taking over for Katie Biber, who moves into a new role on the Anchorage Board of Directors, Georgia comes to us by way of CoinList, where she spent the last three years shaping the legal framework for what has grown to become a leading digital asset token offering, exchange, and lending platform.

With a knack for building and sustaining high performing teams, systematizing processes and a deep commitment to compliance, Georgia is exactly the kind of legal muscle Anchorage needs to maintain our reputation as a leader in compliance, while both expanding our existing product lines and pushing the digital asset industry forward from a regulatory standpoint.

Bridging Crypto and Traditional Finance

As our roster of banking partners continues to grow, the lines continue to blur between traditional finance and the digital asset space, and recent OCC guidance makes legacy institutional interest in crypto more than merely hypothetical, Anchorage is uniquely situated to serve as the link between financial worlds. To better facilitate the bridging of crypto and traditional finance, it’s important for us to establish a presence in the world’s financial center: New York.

“We’re thrilled to have a presence in the financial center of the world,” says Georgia Quinn, Anchorage General Counsel. “And we look forward to working closely with the NYDFS to find elegant, enlightened, and compliant solutions to the challenges that exist and will almost certainly emerge in the growing world of crypto.”

Our New York presence is spearheaded by General Manager Jennifer Liu, CFA, who joins us from LedgerX, the first federally-regulated derivatives exchange for Bitcoin. Before LedgerX, Jennifer held roles in finance and investments at such technological and financial powerhouses as Alibaba, J.P. Morgan, and Morgan Stanley — all experience that will serve Anchorage well as we continue to roll out new services and product lines.

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In the last few months, a lot has happened at Anchorage. We brought on a new Head of Finance and a new Head of Sales. We opened an engineering hub in Portugal, significantly expanding our capacity to support new assets and build new capabilities into our platform. And we announced support for no fewer than a dozen new assets, including one as an exclusive custody provider, and two firsts for finance as an industry.

As we continue to expand our suite of products and services, move into new markets, and break new ground, industry leaders like Georgia and Jennifer will only bolster our efforts. Please join us in welcoming them both.

If you’d like to learn more about Anchorage and our current service offerings, please get in touch.

Disclaimer: Custody services are offered through Anchorage Trust Company, a South Dakota chartered trust company. Trading and collateral management services are offered through Anchorage Hold, LLC, a Delaware limited liability company. Anchorage Trust Company and Anchorage Hold are not registered with the SEC or any state securities authority. Services are not yet offered to residents of New York. Anchorage Trust Company does not engage in the offer, sale or trading of digital assets. Anchorage Hold does not engage in the offer, sale or trading of securities. Anchorage Trust Company and Anchorage Hold do not provide legal, tax, or investment advice. Services are provided only to clients that meet specified standards of sophistication and have entered into the applicable custody or trading agreements. Anchorage Trust Company and Anchorage Hold are wholly-owned subsidiaries of Anchor Labs, Inc., a Delaware corporation headquartered in San Francisco, California.

Holdings of cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrency, token, coin, or other crypto asset will be viable, liquid, or solvent. Nothing in this communication is intended to imply that any asset held in custody by Anchorage is low-risk or risk-free. Digital assets held in custody are not guaranteed by Anchorage Trust Company or Anchorage Hold and are not FDIC-insured.

Anchorage

Advancing institutional participation in the digital asset…

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