Aug 13, 2020 at 17:41 UTC
Crypto custodian Anchorage will provide direct custodial support for two Tokensoft-issued security tokens under a new partnership announced Thursday.
- Investors in Arca’s ArCoin U.S. Treasury Fund token and the upcoming INX token from digital asset exchange INX Limited can custody their tokens directly with Anchorage.
- Both tokens use the ERC-1404 standard that Tokensoft developed for SEC registered assets on the Ethereum blockchain.
- The tokens will now flow through Tokensoft’s affiliated transfer agent directly into Anchorage, a qualified custodian, according to Tokensoft.
- As reported by Forbes, the direct integration hopes to replicate Wall Street’s seamless purchase-to-custody experience for the blockchain securities space.
Read more: 605 Days Later: How ArCoins Got the SEC Go-Ahead as an Ethereum-Traded Treasuries Fund
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