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The Anchorage cryptocurrency custodian for institutional investors was created following a $ 17 million financing run by venture capital fund Andreessen Horowitz, a press release reported Wednesday (January 23rd).
According to the announcement, the co-founder of PayPal, SciFi VC, co-founder of Max Levchin, venture capital firm Khosla Ventures, Mark McCombe of investment firm Blackrock, and others also took part in the series A.
The developers say they intend to create a safer repository than cold storage to better support institutional investments while allowing for active participation in the chain.
Anchorage claims to be based on the principles of easy access to badets, voting, evidence of the existence and speed of transactions. Anchorage thinks that large-scale investments in digital badets, such as those of institutional players, will bring new growth to the blockchain space.
As Cointelegraph has already pointed out, Andreessen Horowitz is actively investing in cryptographic startups. In November, the California fund participated in a $ 15 million fundraising for Dapper Labs, developer of the most used blockchain application in the world, CryptoKitties.
Andreessen Horowitz also participated in the E Series equity round robin of US portfolio and holding company Crypto, which plans to use the $ 300 million raised to "accelerate" the adoption of cryptocurrencies.
Some fintech and crypto sphere experts have predicted increased interest from institutional investors for cryptographic space this year. Henri Arslanian, leader of PricewaterhouseCoopers Hong Kong for fintech and crypto technology in Asia, said that he thought that "the ecosystem of crypto expects a lot of exciting things in 2019." Arslanian explained that It is expected that next year will be different from 2018. due to increased regulatory clarity.
Conversely, anonymous sources told Bloomberg earlier this month that Wall Street cryptography plans were largely on hold, as cryptocurrency values continued to fall into the new year. According to sources close to Goldman Sachs' cryptography industry, they have been too slow to notice and the company's non-derivative crypto funds have so far attracted just 20 clients.
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