A partner of Libra project will become the first qualified custodian of Telegram’ GRAM

• Anchorage has become the first qualified custodian for GRAM.
• Institutional investors are invited to contact the company.

Anchorage is a startup that offers custodian services, and one of the partners of Facebook’s Libra project. According to the head of the company Diogio Monica, Anchorage will become a storage services provider for GRAM.

The services will be supplied by Anchorage Trust from GRAM’ launch scheduled on October 31, 2019.

“This will enable institutional investors, and organizations developing products and services on TON, to hold their Gram securely with a Qualified Custodian. We are proud to bring regulated, auditable custody to the TON ecosystem,” the company wrote in a corresponding announcement.

The Anchorage co-founder also noted that during two rounds of private tokensale among institutional investors, the company raised $1.7 billion from selling GRAM tokens. Now the tokens can be purchased either on a secondary market, or via TON Reserve.

TON Reserve will gradually increase the price of the new Grams, and it may differ from the cost on the open market. Investors are expected to favor the most beneficial offer, thus regulating demand for new tokens and market quotations.

The head of Anchorage invited institutional investors to contact the company to discuss the options of service provision.

“If you’re an institutional investor who holds or plans to hold Gram, or if you’d like to learn more about our asset support roadmap or our support for a specific asset of interest to you, please get in touch.”

The custodian service provider Anchorage was launched earlier this year. In July, the company raised about $40 million in Series B financing, and the total investment amount exceeded $57 million.