Axelar is excited to announce our partnership with Anchorage Digital to give its institutional clients exposure to the cross-chain future of Web3. Founded in 2017, Anchorage Digital is an industry-leading institutional crypto custody platform that offers institutions an unparalleled combination of secure custody, regulatory compliance, product breadth and client service. As the first federally chartered crypto bank, security is at the core. Anchorage’s mission is to be the foundation upon which value moves safely in the new global economy, so that innovation can grow without bounds. And as an insitutional regulated platform, this is exactly why we turned to Anchorage Digital to support AXL with institutional-grade custody.

Anchorage is a trusted, security-minded partner with an extensive knowledge of security engineering, so we knew they had the ability to support AXL before the token’s public launch. Anchorage Digital is seeing a growing demand among its institutional clients to expand their crypto portfolios to include new, promising protocols and view Axelar as a unique opportunity to do just that from day one.

“At Anchorage, we’re seeing a growing demand among our institutional clients to expand their crypto portfolios, and they demand early access to new protocols,” said Diogo Mónica, co-founder and president of Anchorage Digital. “Axelar is a unique blockchain, and we’re proud to now support that uniquity on the Anchorage platform––and even more proud to have been prepared to do so from day one.”

For more details on this partnership, please follow this link to the official announcement.

For more information on the AXL token, read the Axelar Foundation’s overview of token utility, economics and rewards.