Anchorage Digital has reportedly launched a full-stack token management solution to enable the so-called next-gen of protocol growth. Protocols are now able to effectively manage their entire token cap table and do so with “institutional-grade” security enabled by Anchorage Digital. As a partner for various blockchain protocols, their stated mission is to give web3 builders the infrastructure and time they need in order “to scale, without getting bogged down on operational complexity.”
Managing token allocations, distributions, and vesting are “critical pieces of the work leading up to—and following—a token generation event.”
But the process remains “manual and error-prone.”
Pre-TGE, teams typically track allocations on spreadsheets and “manually do hundreds of follow-ups to collect the right wallet information.”
Post-TGE, they must manage token distributions “while focusing on keeping their tokens secure and growing their project.”
Their token management solution aims to “directly address this challenge.”
It saves protocol teams time and “reduces risk of errors, while helping build trust with investors and offering peace of mind around the security of their tokens.”
Employees and investors can track their tokens and vesting schedules, while their tokens “stay secure in Anchorage Digital’s custody.”
This offering is made possible by the integration of the Hedgey team and technology into Anchorage Digital.
With Hedgey’s cap table management expertise and Anchorage Digital’s institutional infrastructure, protocol teams “get a complete, secure solution to power their growth.”
Anchorage Digital’s cap table management solutions “offer protocols and their investors white-glove support, complete automation, and institutional-grade security at any stage of their lifecycle.”
It’s possible now to track everything from a single dashboard.
It is possible to see all allocations, “vesting cliffs, and grant types in real time.”
Clients need not be concerned “about discovering you’re over-allocated at the eleventh hour.”
A few key points shared by Anchorage Digital:
- Automate stakeholder management: Make manual email follow-ups obsolete. Automate the secure collection of necessary information, like wallet addresses and delivery preferences from all investors and employees.
- Cover entire token cap table: Manage every distribution, from giving institutional VCs a white-glove onboarding experience to managing flexible OBO (On Behalf Of) lock-ups for independent participants.
- Manage vesting schedules and lock-ups with granular controls: Configure everything based on your needs, including custom vesting schedules, grant types, 83(b) elections, and more.
- Post-launch: institutional-grade security, reduced risk and complexity
Security remains a foundational element of trust for years following your protocol’s launch.
Once a client’s token is live, Anchorage Digital’s job is “to protect their momentum and your tokens.”
They have built a platform to do just that, which has “to date kept billions in assets secure for the world’s institutions.”
The Hedgey team has joined Anchorage Digital, “bringing their token vesting expertise to continue serving protocols and eliminating pain points under one umbrella.” Following the acquisition, Hedgey has created a new platform, Hedgeypro.com, “integrated with and purpose-built for Anchorage Digital.”