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Civic Taps Anchorage Digital for Custody of CVC Utility Token

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CVC Holders Will Benefit From Enhanced Protections With Anchorage Custody

Civic Technologies, a leading provider of digital identity management for Web3, announced that its utility token, CVC, is now in custody with regulated platform, Anchorage Digital. As a leader in institutional custody, Anchorage is a full-service financial platform and infrastructure provider for the digital asset space with a federal bank charter from the OCC.

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“As we scale to keep up with our growing business, we’re delighted to partner with Anchorage as we know their solution provides a best-in-class custody framework. We are also excited that Anchorage now offers CVC token support for any interested CVC institutional holders,” said Chris Hart, CEO of Civic.

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“We’re proud to bring institutions a safe, regulated custody solution to hold CVC, as well as to be selected by the Civic protocol as its treasury custodian. We look forward to future partnership with Civic as it prepares to scale,” said Diogo Mónica, Co-Founder and President of Anchorage Digital.

Amid a volatile market cycle for crypto, Anchorage’s institutional infrastructure and strong security architecture has been steadfast. The company’s stability as a federally regulated bank has further distinguished the advantages for clients, meeting the highest watermark for qualified custody. Anchorage client accounts are separated, keeping assets safe and helping protocols like Civic meet their fiduciary and transparency responsibilities to CVC holders.

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