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.
Aug 13, 2020 at 5:41 p.m. UTCUpdated Aug 19, 2021 at 3:41 a.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/V54E6QDVXVFVVHVYK43MXMJK4M.jpg)
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.
STORY CONTINUES BELOW
13:18
Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
05:10
Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
04:07
The first video of the year 2024
40:07
The last regression video of the year 3.67.0
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)