Veteran investor Mark Carnegie’s MHC Digital Group has signed a deal with the only cryptocurrency company officially licensed as a bank by the US government, in a move it says will allow nervous super funds, family offices and other institutional investors to pile into bitcoin and other digital assets.
The partnership with Anchorage Digital will let MHC offer digital asset custody to Australia’s wholesale and institutional market, meaning it can store the cryptocurrency more securely and in a way that is likely to comply with future Australian regulations.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
