Africa-focused Celo Blockchain Adds CoinBase and Anchorage as Custody Providers for Celo Stablecoin

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Two months after the initial announcement of the Celo Alliance for Prosperity, membership has grown by 50% since the announcement in March.

In a blog post, CoinBase, the mega American crypto exchange announced it will be offering at-launch support for cGLD (Celo Gold Stablecoin) enabling its customers to safely store these assets on the  platform from the moment each of these networks goes live.

SEE ALSO[PODCAST] The Celo Mobile-First Blockchain Platform and How It is Building Solutions in the African Market with Anca Rusu

With over 300 clients and having topped more than $8 billion in crypto assets stored, Coinbase Custody is the world’s largest and most trusted institutional crypto custodian. Started in 2018, Coinbase Custody offers clients access to the secure, institutional-grade offline storage solution that has been used by Coinbase’s exchange business for more than seven years.

Anchorage, another reputable custody service also announced that its clients will be able to not only safely custody Celo Gold (cGLD) at launch, but also participate in staking and other advanced network functionalities. Since the very early stages of the Celo network, Anchorage engineering has worked side-by-side with the team at cLabs to ensure institutional purchasers of cGLD will be able to hold, transfer, and lock cGLD at launch.

Some of the well-known brands who are part of the alliance include:

  • Paxful
  • Ontology
  • Coinbase
  • Achorage
  • Althea
  • Ankr
  • Ribbon
  • Bitfy
  • Andreessen Horowitz
  • Blockchain.com
  • GSMA
  • Ledger
  • Mercy Corps
  • Polychain
  • AlphaWallet

Among others.

With over 75 strong and reputable members as part of its Alliance for Prosperity, Celo is definitely positioned to take offer the African space in offering mobile-first blockchain solutions that solve the continent’s problems.

 

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