Anchorage Digital is pleased to announce its role “as one of the preferred institutional custodians for Aptos at mainnet launch.”
Aptos is described as “a next-generation Layer 1 blockchain, built with safety and user experience in mind, enabling developers to build scalable, consumer-ready projects.”
The “preexisting integration” between the country’s first operational federally-chartered digital asset bank and the ultra-efficient blockchain is substantial:
- Aptos’s highly-scalable blockchain is based on the consensus mechanisms originally created by the project’s developers for the Diem blockchain.
- Anchorage’s engineering team helped support the innovation from the early days of Diem to the testnet phases of Aptos.
- Anchorage Co-Founder and President Diogo Mónica, along with Member of Technical Staff Prasanna Gautam, were elected members of then-Diem’s Technical Steering Committee.
Diogo Mónica, Co-Founder and President, Anchorage Digital, said:
“More than ever, in the era of crypto contagion, Layer-1s need experienced engineering to support them ahead of a launch. We recognize the importance of extending the security envelope to emerging Layer-1s and are pleased to offer our clients Aptos custody.”
Mo Shaikh, CEO and Co-Founder, Aptos, said:
“Anchorage has been our partner since Day Zero, helping us make the technical and security considerations to make our launch a strong start and prioritize future growth with user experience as a core focus.”
As noted in the update, Aptos is “building a safer, more production-ready Layer 1 blockchain.”
Founded by a team of creators, researchers, designers, and builders, Aptos Labs is committed “to delivering universal and fair access to decentralization for billions of people.”
Aptos’ Layer 1 technology and programming language, Move, are designed “to evolve, improve reliability and performance and strengthen security.”
Having now raised over $350M, Aptos is “backed by top-flight investors including a16z, FTX Ventures, Jump Crypto, Tiger Global, Katie Haun, Multicoin Capital, PayPal Ventures and Coinbase Ventures.”
As covered, Anchorage Digital is “a regulated crypto platform that provides institutions with integrated financial services and infrastructure solutions.”
With the first federally chartered crypto bank in the US, Anchorage “offers institutions an unparalleled combination of secure custody, regulatory compliance, product breadth, and client service.”
Founded in 2017, Anchorage is “valued at over $3 billion with funding from leading institutions including Andreessen Horowitz, GIC — Singapore’s sovereign wealth fund, Goldman Sachs, KKR, and Visa.”
Headquartered in San Francisco, California, Anchorage “is remote-friendly with offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota.”