Anchorage Is Streamlining Custody of Tokensoft's ERC-1404 Security Tokens

The new partnership will add direct custodial support for Arcoin and INX, the upcoming INX Limited security token.

AccessTimeIconAug 13, 2020 at 5:41 p.m. UTC
Updated Sep 14, 2021 at 9:43 a.m. 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.

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