Share this article
Here’s Why Crypto Custodian Anchorage Joined an Alternative Investment Association
Anchorage helped write the first crypto custody report for the Alternative Investment Management Association – a potential gateway to hedge fund clients.
By Ian Allison
Updated May 11, 2023, 5:58 p.m. Published Mar 1, 2022, 2:00 p.m.
Regulated crypto custody firm Anchorage is joining the Alternative Investment Management Association (AIMA), a policy group for the fund management industry with over 2,000 members including most of the world’s hedge funds.
Anchorage has also contributed to AIMA’s first-ever Digital Asset Custody Report, which will come out in March.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Institutional capital is flowing into the digital assets space, with nimble investment firms like Brevan Howard and Point72 leading the charge, plus a host of other hedge fund managers operating below the radar.
What Anchorage is doing in the digital asset space, in terms of working with regulators and becoming a federally chartered bank, is similar to the evolution of the alternative investments back in the day, said Anchorage’s relationship manager, Nicole Civitello.
Read more: Crypto Hedge Funds Show Growing Appetite for DeFi: PwC
“We’ve seen this story play out before if you look at hedge funds in the early ‘90s,” Civitello said in an interview. “It was very much like the Wild West; there was no regulation and you had an industry that was mainly retail and individuals at first. Once a regulatory framework was introduced and the rules were established, then there was an opportunity for institutions to come in with capital in a meaningful way.”
Anchorage was valued at over $3 billion in a $350 million funding round late last year.
Read more: Anchorage Closes In on FDIC Crypto Custodian Deal, Documents Show
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto's 'Best Days Are Ahead': Tom Lee's Bitmine Immersion Adds $320M of Ether
The company is likely sitting on about $3 billion in unrealized losses on its holdings of nearly 4 million ether tokens.
What to know:
- BitMine Immersion Technology (BMNR) acquired 102,259 ether last week, valued at around $320 million, increasing its holdings to nearly 4 million tokens.
- The company currently has about $3 billion in unrealized losses on its ETH investments.
- Chairman Thomas Lee expressed optimism about the future of crypto, citing positive legislation and Wall Street support as reasons for continued accumulation.
Top Stories
