New crypto protocols are increasingly focused on platform security from their onset, “knowing that trust is key to standing out and building critical momentum at launch,” according to an update from Anchorage Digital.
It should come as no surprise, then, that they “are increasingly partnering with Anchorage Digital–the trusted digital asset platform for institutions.” The latest such partnership, with Agoric, “looks to change the game by balancing impregnable security with broad-based accessibility.”
Diogo Mónica, Co-Founder and President, Anchorage Digital, said:
“We pride ourselves on our engineering commitment. It’s what allows our institutional clients early access to emerging technologies and new, exciting protocols. With Agoric, they can do so confidently — knowing that we’ve laid the groundwork for secure custody and staking that meets the standard they’ve grown to expect from Anchorage. Best of all, they can do so right when the Agoric JavaScript stack launches.”
Agoric, a layer-1, proof-of-stake blockchain, is “part of the Cosmos ecosystem.” Widely lauded for its potential to serve as a developer on-ramp to crypto, Agoric “utilizes smart contracts written in the popular programming language JavaScript, a key differentiator for the chain that lends it mass appeal.”
The BLD token is “used to reward validators and their delegators for their work, assuring the network stays secure and decentralized, and will be the asset held in custody and staked by Anchorage on behalf of our institutional clients.”
Anchorage will also “provide the Agoric treasury with custody, bringing the security guarantees of a regulated and sophisticated technical partner to its community.”
Dean Tribble, CEO of Agoric, remarked:
“We are delighted that Anchorage will offer secure and efficient custody for Agoric BLD. This enables our community of developers and institutional partners to focus on building our ecosystem.”
A layer 1 Proof-of-Stake public blockchain and smart contract platform, Agoric is designed to enable developers “to rapidly build safe smart contracts in the most popular programming language on the planet, JavaScript.”
Agoric can quickly “bring millions of developers to the DeFi frontier with a safe, stable environment that developers need to build, deploy, and operate sophisticated Dapps, NFTs, and DeFi markets.” The design of Agoric “benefits from over 30 years of experience building distributed electronic markets and financial services.”