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Diogo Mónica and Nathan McCauley
Today, after more than a year-long process, we are proud to announce that Anchorage Digital has been selected as the provider of digital asset custody and financial services for the United States Marshals Service (USMS), one of the primary law enforcement agencies of the United States Department of Justice (DOJ). This award speaks to both the quality of the platform we have developed and the stringent processes and procedures we have put in place around its use.
The main mission of the Asset Forfeiture Division of the USMS is to âenhance public safety and securityâÂč by removing the financial incentives for federal crime and dismantling organized crime operations. The USMS achieves these objectives primarily through âseizure and forfeiture assets that are either the proceeds of, or [are] used to facilitate, federal crimes.âÂČ
Alongside cash, real estate, art, and other asset classes used in the course of committing federal crime, the USMS has seized some amount of digital assets in recent years. In 2019, the USMS published a Request for Proposal in service of identifying a partner to handle the full lifecycle of seized digital assets. Anchorage Digital is now that partner.
In practice, this award means that Anchorage will be responsible for providing a full suite of cryptocurrency services, including custody, liquidation, and âsuch activities as accounting, customer management, audit compliance, managing blockchain forks, wallet creation, transformation of token assets into coin assets, etc., as well as future actions associated with the virtual currency forfeiture process.âÂł
Since the beginning, we have been vocal proponents of consumer protections and champions of compliance in the digital asset space. We are incredibly proud of our team, and are incredibly proud to be named the digital asset platform trusted by the US Department of Justice.
If youâd like more information about Anchorage Digital, please get in touch.
Holdings of cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrency, token, coin, or other crypto asset will be viable, liquid, or solvent. No Anchorage communication is intended to imply that any digital asset services are low-risk or risk-free.
[1] https://sam.gov/opp/de3839520c5bd1d4b932a82b72c8e0c4/view
[2] https://sam.gov/opp/de3839520c5bd1d4b932a82b72c8e0c4/view
US Marshals Choose Anchorage Digital to Custody, Service Seized Digital Assets was originally published in Anchorage Digital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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