Anchorage Digital's Custody Solutions for Bitcoin and Ether ETFs
Thursday, 12 September 2024, 13:01
Anchorage Digital's Role in Bitcoin and Ether ETFs
Anchorage Digital has stepped up to provide custody services for 21Shares’ latest bitcoin and ether ETFs. This is a significant advancement in the cryptocurrency custody landscape as the platform mandates issuers and participants to utilize biometric authentication. This approach not only enhances security but also aligns with emerging trends in crypto asset management.
Importance of Security in Crypto ETFs
- Biometric Authentication: Ensures that only verified individuals can engage with the ETFs.
- Market Confidence: Improved security measures can bolster investor trust.
- Innovation: Pioneering new custody solutions can attract more institutional investors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.