Crypto Bank Anchorage Digital Takes on Custody for ARK 21Shares Bitcoin ETF (ARKB)
21Shares recently announced a new partnership with Anchorage Digital Bank and BitGo to enhance the custodianship of their US spot exchange-traded products (ETPs). Andres Valencia, the head of investment management at 21Shares, expressed his excitement about the collaboration, emphasizing the importance of diversifying custody partners to improve risk management and operational efficiency.
Valencia highlighted the significance of custodians in ensuring the safety and security of their product lineup. By partnering with Anchorage Digital Bank and BitGo, 21Shares aims to strengthen the risk management practices and operational excellence of their offerings, ultimately enhancing the overall quality of their services.
With this strategic partnership, 21Shares is poised to elevate its position in the US market and expand its reach to a wider range of investors. By leveraging the expertise and resources of Anchorage Digital Bank and BitGo, 21Shares is set to provide enhanced custodial services for its US spot ETPs, setting a new standard for excellence in the industry.
