Institutional Crypto Custody Platform Anchorage Announces Support for XRP

The US-based crypto custody provider Anchorage just added support for XRP. The move gives institutional investors who have a significant position in cryptocurrency a secure way to store the third-largest digital asset by market cap.

Anchorage co-founder and president, Diogo Mónica, says the new addition is part of a growing institutional ecosystem around XRP.

“XRP is the third largest digital asset by market cap, and there’s an ecosystem of institutions that hold XRP and want a more secure and usable institutional custody solution…

Our support for XRP relied on a range of resources, including ones contributed to and maintained by the team at Xpring, Ripple’s developer platform. We used the rippled open source server, the node implementation that powers the XRP Ledger maintained by Xpring.”

Anchorage now supports a total of 22 crypto assets on its platform, including Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH).

In January, Anchorage added new features that give investors access to crypto trading, staking and governance services.

The company says it is solely offering crypto custody support for XRP at this point, and plans to add additional services in the future.

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