Anchorage’s Assets Under Custody Jump In Crypto Flight to Safety

Anchorage Digital saw business soar at the start of the year, boosted by greater demand for safer ways to custody assets following a string of crypto collapses and an uptick in regulatory scrutiny, according to its president.

Assets under custody at the San Francisco-based firm jumped 80% in the first quarter from the fourth quarter of 2022, the company told Bloomberg News.

Diogo Monica

Source: Anchorage Digital

“We’re talking about billions of dollars of deposits flowing into Anchorage,” Diogo Monica, co-founder and president of Anchorage Digital, said in an interview in Lisbon, without disclosing exact figures.

The San Francisco-based firm became the first ...