Encryption company Anchorage subsidiary receives US South Dakota Trust

Encryption company Anchorage is setting up a subsidiary in South Dakota, USA. Anchorage Trust has a license to operate in the state and its headquarters will be located in Sioux Falls. The company will keep encrypted assets without using hot wallets or cold storage. According to previous reports, Anchorage raised $40 million in Series B financing, and Visa and Blockchain Capital are among its investors.