Crypto financial institution Anchorage is including custody help for tokens on the Solana blockchain, CEO Nathan McCauley informed CoinDesk.
The federally chartered custody firm will initially enable its clients – starting from enterprise capital companies and hedge funds to the treasuries of protocols – to stash a handful of tokens that comply with Solana’s SPL normal.
Anchorage started including custody help for Solana-based tokens in 2022 and solely added staking help final yr. McCauley mentioned the corporate waited to construct out and launch custody help for SPL tokens fairly than transferring too quick, too quickly, for a sequence that is taken some lumps.
Even so, “we’re very conscious of what our purchasers ask for,” McCauley mentioned.
Many crypto buyers tried to write down off the Solana ecosystem in early 2023 after FTX imploded and brought on vital collateral and reputational injury. However the chain’s builders caught round and customers ultimately returned to commerce, stake and mint new tokens on memecoin launchpads like Pump.enjoyable, one in all crypto’s revenue-printing machines.
All these memecoins are seemingly a great distance away from getting custody help on Anchorage, regardless of its enlargement for SPL property. It’s only accepting a handful of property initially together with USDC, HNT, W, PYTH and MPLX. Anchorage will add extra pending buyer demand and due diligence evaluations.