Anchorage Trust Company Adds XRP To Lists Of Assets

The Anchorage Trust company just added XRP to the supported assets list to its institutional custody solution. The company announced support for the third-largest crypto by market cap in a blog post a few days ago so let’s find out more in the Ripple news.

According to the blog post, Anchorage Trust Company claims that the custodial solution is much safer than cold storage and allows more benefits of asset usability by offering features such as airdrops, staking and trading from custody. According to the co-founder of the company Diogo Monica and current President, XRP support relies on resources including developed and maintained by the Ripple developer platform Xpring. This could include the rippled open-source server that powers the XRP ledger and the custodial solution for the coin is available to the investors with more plans to add more services in the future:

 “The flexibility of the Anchorage platform will allow us to support more advanced XRP functionality like Payment Channels should customer demand require it.”

Anchorage was one of the first members of the Libra association as per the Ripple news, and like many of the Libra backers, the company joined forces with the rival stablecoin Celo as a part of the Celo Alliance. It is also a member of the Blockchain Alliance and the Crypto Rating Council which is backed by big-names including Andreessen Horowitz, Visa and Blockchain Capital. Ripple made no comment on the latest XRP addition to the Anchorage custody solution platform but hasn’t made a comment yet.

As Ripple expands in Asia, the fintech company (DeeMoney) will use the enterprise blockchain which powers XRP to optimize its current remittance system as details of the deal show. The Ripple engineers just published a new design for private transactions on the XRP ledger which will allow the users to send private transactions to one another by using the XRP ledger as we reported in the XRP price news. The Ripple engineers including Nik Bougalis said that a group worked together to create a private payment system for the XRP ledger to protect the exchange users from other third parties that could turn out to be malicious.