Anchorage Closes in on FDIC Crypto Custodian Deal, Documents Show

Posted on by American Coins & Gold

Anchorage Closes in on FDIC Crypto Custodian Deal, Documents Show
Digital assets are growing more commonplace on the balance sheet of banks in the U.S. Eventually one of these institutions may fail, and the Federal Insurance Deposit Corporation (FDIC) will need to step in to clean things up.Cue Anchorage, a digital assets custodian, and the first crypto startup to receive a trust charter from the Office of the Comptroller of Currency. According to documents obtained by filing a Freedom of Information Act (FOIA) request, the bank is in the final stages of bidding for a contract with the FDIC to act as a crypto asset management and solution provider.CoinDesk’s FOIA…