Sirlibz
Anchorage, a cryptocurrency custodian has stated that it will be expanding its focus to Decentralized Finance (DeFi), they have recently added support for KEEP Network Token.
KEEP Token is the force behind tBTC, a trustless and open-source protocol that enables Ethereum tokens to be issued; the issued tokens represent Bitcoin (BTC) and are used to gain access to DeFi protocols. They also support autonomous containerization of user’s private data when interacting with public chains, strengthening the privacy enjoyed by DeFi users.
IMPORTANCE OF DEFI TO ANCHORAGE
Anchorage co-founder and president , Diogo Monica reportedly emphasized the importance of custodians adapting to current and emerging trends, stating that
DeFi’s increasing complexity is beginning to expose the inadequacies of cold storage custody and manual human operation”.
The Anchorage platform was created to adapt to any blockchain use case without exposing client assets to this kind of additional risk”. He further remarked
Matt Luongo, KEEPS Chef Executive expressed his opinion regarding the collaboration between KEEP and Anchorage.
With such first-class partners as Anchorage, we are able to create the bridge that brings the vast store of Bitcoin wealth into the DeFi ecosystem.” Keep’s chief executive, Matt Luongo, reportedly shared his perspective regarding the collaboration with the custodian.
Anchorage announced it would support the Compound Governance Token ( COMP) upon launch back in April.
KEEP network token raised $7.7 million in a token sale back in April and later launched its trustless tBTC protocol later that same month.
