Miami-based Eaglebrook Advisors has entered into a deal to have New York-based Anchorage Digital custody its digital assets.
Anchorage Digital will provide the back-office support for Eaglebrook. including staking, trading, and services such as governance and elections, according to Diogo Mónica, the co-founder and president of Anchorage Digital. It will also provide the safe keeping of the digital assets as a custodian that the Commission recognizes.
The companies noted that the SEC is proposing new rules when it comes to the way advisors custory digital assets.
“After the recent SEC custody proposal, it is more important than ever for RIAs to safeguard digital assets with a qualified custodian,” Nathan McCauley, co-founder and CEO of Anchorage Digital, said in a prepared statement. “As a qualified custodian, Anchorage Digital Bank provides the regulatory certainty SEC-registered investment advisors need to safely and securely participate in the digital asset economy.”