Anchorage Digital Bank Expands Custody Services to Etherlink and Tokenized Uranium
- Anchorage Digital Bank has added custody support for Etherlink and seven assets on the Tezos layer-2 network.
- Supported assets include xU3O8, a token representing physical uranium, with a market cap just above $9 million.
- Other assets include wrapped XTZ (WXTZ), liquid staking token stXTZ, and stablecoins USDT, USDC, and USDSM.
- The integration allows institutional clients to manage assets through segregated accounts at Anchorage.
- Tokenization enables quicker transfers of commodities like uranium, reducing settlement times from weeks to minutes.
This expansion by Anchorage Digital Bank highlights the growing trend of integrating traditional commodities into the cryptocurrency space through tokenization. By offering custody for xU3O8 and other digital assets, Anchorage aims to simplify access for institutional investors.
With a market cap of over $9 million, xU3O8 represents a significant innovation in commodity investment through blockchain technology.(Source)
