Cryptocurrency custodian Anchorage has announced it had raised an $80 million Series C, led by GIC, a16z, Blockchain Capital, Lux, and Indico. According to an announcement, the funds will help the company to scale its business to "meet the rising demand," among big corporations and traditional financial institutions.
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The custodian, in particular, will now offer at-launch support for new cryptocurrency protocols like Celo, Filecoin, and Oasis. The company also plans to simplify cryptocurrency lending so that financial institutions could easily and safely earn on their assets.
"We plan to scale our lending product and operations, diversifying loan types and giving lenders a truly seamless and secure lending experience," the company said.
The investment round comes after Anchorage became the first cryptocurrency company to receive a federal charter from the Office of the Comptroller of the Currency (OCC). The watchdog agreed to give a national trust bank charter to Anchorage after "thorough review of the company and its current operations."
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