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.”
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.”
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.”