Anchorage Supports Compound and TrustToken at Launch

Diogo Mónica, Co-founder and President

Anchorage clients will be able to custody Compound’s governance token (COMP) and TrustToken (TRU) at their respective network launches. Since the beginning, it has been our mission to support every asset that meets our high bar for quality and security. In just the first four months of 2020, we’ve added support for five such assets, with Celo, Compound, and TrustToken supported ahead of their official launches.

We’re proud of our team’s ability to continually execute on our roadmap for our clients, especially given the very real challenges the current pandemic presents to many.

“TrustToken is proud to partner with Anchorage to provide an industry-leading custody solution for TrustToken holders. In addition to state of the art security, Anchorage is distinguished in that they enable the actual usage of tokens rather than just custody, and this makes them a great fit for the TrustToken ecosystem.”

-Rafael Cosman, CEO and Co-Founder, TrustToken

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. 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.

“We’ve just scratched the surface of the potential of DeFi,” said Robert Leshner, Founder and CEO of Compound. “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.”

As the DeFi ecosystem continues to develop, we look forward to supporting its many use cases. Whether you’re a COMP or TRU holder, we’re here to help. If you’d like to learn more about support for your assets of choice through Anchorage, please get in touch.

Disclaimer: Services are offered through Anchorage Trust Company, a South Dakota chartered trust company, and 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. Anchorage does not provide investment, legal, or tax advice.