Singapore — Anzens Inc. is thrilled to announce its partnership with BitGo Trust, a prominent Qualified Custodian dedicated to serving institutional clients, to provide custodial services for the Cardano-based stablecoin, USDA. This collaboration brings together the technical prowess of Anzens, the issuer of USDA, along with EMURGO, the technology provider behind the Anzens platform.
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The integration of BitGo’s infrastructure is a significant leap forward in ensuring the safety and security of USDA. This partnership allows Anzens to utilize BitGo’s robust services, which include a streamlined onboarding process for users, designed to meet regulatory compliance and mitigate operational risks.
Shantnoo Saxena, CEO of Anzens Inc., emphasized the importance of this collaboration:
“Partnering with a highly regarded custodian like BitGo gives us the confidence that we can provide our users with a secure environment. This integration will not only facilitate minting and burning processes but also enhance the overall user experience by safeguarding their funds.”
Shantnoo Saxena, CEO of Anzens Inc.
Notably, Anzens is among the first to utilize BitGo’s latest offering, which provides users access to segregated accounts. This feature separates individual user accounts from company funds, adding an extra layer of protection for user assets. Such innovations are crucial in building trust and fostering user confidence in the USDA stablecoin.
Pioneering a New Financial Frontier
The launch of USDA marks a pivotal moment for the Cardano blockchain, establishing a fully reserved stablecoin that is vital for the growth of decentralized finance (DeFi) applications. As the first solution from Anzens aimed at connecting traditional banking services with crypto economies, USDA is set to offer businesses and individuals seamless access to financial services.
The USDA stablecoin was initially introduced earlier this year under the institutional trading desk Encryptus, designed to provide users with access to frontier markets through affordable liquidity. It simplifies the journey into Web3 solutions, bridging the gap between digital and traditional financial services.
Frank Wang, Executive Director at BitGo, highlighted the significance of this partnership: “We are pleased to support the launch of USDA on the Cardano Blockchain. Anzens is creating an essential piece of the stablecoin infrastructure that will benefit the entire community and ecosystem.”
Technological Excellence and Future Potential
The collaboration with BitGo represents a substantial achievement for EMURGO as well. “Partnering with BitGo showcases our ability to deliver advanced infrastructure tailored for institutional needs,” stated Vineeth Bhuvanagiri, Managing Director of EMURGO Fintech.
“Our tech team has engineered a solution capable of meeting the stringent demands of a regulated custodian like BitGo Trust, further proving our commitment to developing tools that provide real-world value to our users.”
Vineeth Bhuvanagiri, Managing Director of EMURGO Fintech
The collaboration between Anzens and BitGo is expected to pave the way for enhanced stability and security in the cryptocurrency space, offering users peace of mind as they navigate the evolving landscape of digital finance.
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About Anzens Inc.
Anzens Inc. is a forward-thinking financial services company and the issuer of USDA, a fully-backed Cardano-native stablecoin. As a registered Money Service Business under FinCEN, Anzens is committed to regulatory compliance, financial inclusion, and the creation of secure financial products with tangible applications. By bridging the gap between digital assets and traditional financial institutions, Anzens aims to empower individuals and businesses, especially in emerging markets. Learn more about Anzens and its offerings at anzens.com.
About BitGo
BitGo stands as the leading provider of digital asset solutions, specializing in custody, wallets, staking, trading, and regulated cold storage. Founded in 2013, BitGo focuses exclusively on institutional clients and has become the first digital asset company to do so.
With a global presence and multiple Trust companies, BitGo serves over 1,500 institutional clients across 50 countries, securing approximately 20% of all on-chain Bitcoin transactions by value. The firm is dedicated to fostering a borderless digital financial services economy that operates 24/7. For more information, visit bitgo.com.
