Anchorage Digital will custody crypto seized by US Marshals

Cointelegraph

Published Jul 28, 2021 06:29PM ET

Updated Jul 28, 2021 08:00PM ET

Crypto custody bank Anchorage Digital will be providing digital asset services for the United States Marshals Service for seized funds related to federal crimes.

In a Wednesday announcement from Anchorage, the digital asset platform said the U.S. Marshals Service, or USMS, “seized some amount of digital assets in recent years” which required a partner in the space to provide certain financial services. Anchorage will be responsible for custodying, liquidating, and other actions as part of the forfeiture process.

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