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Anchorage Is Streamlining Custody of Tokensoft's ERC-1404 Security Tokens
The new partnership will add direct custodial support for Arcoin and INX, the upcoming INX Limited security token.
By Danny Nelson
Updated Dec 11, 2022, 1:58 p.m. Published Aug 13, 2020, 5:41 p.m. 1 min read
Crypto custodian Anchorage will provide direct custodial support for two Tokensoft-issued security tokens under a new partnership announced Thursday.
- Investors in Arca's ArCoin U.S. Treasury Fund token and the upcoming INX token from digital asset exchange INX Limited can custody their tokens directly with Anchorage.
- Both tokens use the ERC-1404 standard that Tokensoft developed for SEC registered assets on the Ethereum blockchain.
- The tokens will now flow through Tokensoft's affiliated transfer agent directly into Anchorage, a qualified custodian, according to Tokensofthttps://www.tokensoft.io/post/tokensoft-and-anchorage-partner-to-support-sec-registered-blockchain-securities.
- As reported by Forbes, the direct integration hopes to replicate Wall Street's seamless purchase-to-custody experience for the blockchain securities space.
Read more: 605 Days Later: How ArCoins Got the SEC Go-Ahead as an Ethereum-Traded Treasuries Fund
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