Anchorage Digital Announces Custody Support for Starknet
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Anchorage Digital, home to the only federally chartered digital asset bank in the US, has announced its custody support for Starknet’s native token.
Starknet is a Layer 2 scaling solution for Ethereum that uses zero-knowledge rollups to process transactions off-chain and then submit proofs of those transactions to the Ethereum mainnet. Now, institutions can securely custody their Starknet tokens with Anchorage Digital. By offering this custody support, Anchorage Digital is furthering its mission to enable secure access to the latest in crypto innovation.
One-way bridging on Starknet will also be supported on Anchorage Digital, allowing clients to seamlessly bridge their Starknet Token (STRK) ERC-20 tokens to the blockchain’s native token, Starknet (STARKNET), via a bridging smart contract.
“Starknet's unique approach to scalability is paving the way for a new era of blockchain adoption. Anchorage Digital is excited to partner with Starknet to provide institutions with secure and compliant custody of its native token.”
—Nathan McCauley, CEO and Co-founder, Anchorage Digital
“Starknet is delighted to strengthen our collaboration with Anchorage Digital. Their support for Starknet custody and bridging, coupled with their deep understanding of institutional needs, is a testament to their commitment to innovation and belief in the future of blockchain technology. We are confident that this collaboration will not only drive greater institutional adoption of Layer 2 scaling solutions like Starknet, with its unique scalability and security features, but also unlock new opportunities for institutions to participate in the evolving world of decentralized finance.”
—James Strudwick, Executive Director, Starknet Foundation
Anchorage Digital is excited to be at the forefront of supporting the Starknet ecosystem, and we look forward to continuing our collaboration to foster new opportunities for institutions in the digital asset space.
If you’d like to learn more about our offerings, please get in touch.
Press Contacts: Anchorage Digital - press@anchorage.com
About Starknet
Starknet is a permissionless decentralized Validity-Rollup (also known as a “ZK-Rollup”). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation – without compromising Ethereum’s composability and security, thanks to Starknet’s reliance on the safest and most scalable cryptographic proof system – STARK. Starknet Contracts and the Starknet OS are written in Cairo – supporting the deployment and scaling of any use case, whatever the business logic.
About Anchorage Digital
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital New York, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
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