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

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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. 

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