Flycoin names Anchorage Digital as a custodian for its token, FLY
The company strengthens its infrastructure and security in safeguarding FLY
FlyCoin Inc., a cryptocurrency-based travel rewards technology company, will utilize Anchorage Digital to serve as the custodian of a significant portion of its minted cryptocurrency, FLY. Anchorage Digital is a regulated institutional platform and the first crypto company to receive a national bank charter from the Office of the Comptroller of the Currency (OCC).
“Flycoin only selects the most reputable and trusted custodians of cryptocurrency to properly safeguard FLY for us and our partners,” said Lenny Moon, CEO of Flycoin. “We are excited to partner with Anchorage Digital, as, currently, they are the only federally regulated custodian of digital assets. We selected Anchorage for its robust security and controls, and its ability to easily move funds without sacrificing security.”