Anchorage, Newly Cleared as US Crypto Bank, Raises $80M From A16z and Others
The round in the crypto custodian was led by GIC, Singapore’s sovereign wealth fund.
Big Blue wading deeper into these waters speaks to a broader change in the posture of corporates toward public blockchains.
Ethereum-friendly custody firm Trustology is now supporting NFTs for lending and collateralizing.
A first wave of private banks is looking for exposure to DeFi and staking, but with an easy user interface.
The private bank is also investigating tokenization of assets, it announced Sunday.
As institutional appetite for bitcoin grows, "incumbent banks" will look for ways to satisfy that demand, a Goldman Sachs industry lead says.