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Supports 5 decentralized financial companies such as Anchorage and SUSHI, major US custody companies

Cryptocurrency

DeFi, where institutional investors are entering the market

Anchorage, a major US crypto asset (cryptocurrency) custody company, announced that it will support five new DeFi (decentralized finance) related stocks.

There are five new governance tokens, SUSHI, 1INCH, CRV (Curve Finance), BNT (Bancor), and REN (Ren Protocol).

Anchorage started supporting DeFi tokens such as YFI and UNI last year. In implementing more stocks this time, CEO Nathan McCauley told Coindesk, “These stocks correspond to client requests. Institutional investors have exposure to DeFi and their He is motivated to use the network. ” He also mentioned that he was in charge of the Bitwise DeFi index custody.

Bitwise is a US cryptocurrency investment company that offers an index product called the DeFi Index Fund. The composition stocks include 10 stocks such as UNI, SUSHI, COMP, and AAVE.

Source: Bitwise

In January of this year, Anchorage obtained a permit to establish a national law bank from the Office of the Comptroller of the Currency (OCC) and became the first national law bank (trust bank) in the United States as a virtual currency company. It is said that the compliance level of all the corresponding stocks is the institutional investor level in order to deal with new stocks after implementing the above.

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Author: Lewis Kikutani
Reference: Coindesk

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“Cryptocurrency” means “cryptographic assets”

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