Anchorage is launching a new cryptocustody service as an alternative to financial firms like Goldman Sachs and Fidelity; the startup is launching with a $17mn series A round led by Andreessen Horowitz; unlike some of the other solutions in the crypto market who use cold storage, Anchorage is focused on providing an online based approach with multiple user authentication; the multiple types of biometric authentication is their differentiator, any change to a fund requires multiple users and Anchorage staff approval; the company already counts hedge funds, VC’s and family offices as clients. Source.
