In an announcement Wednesday, Anchorage Digital said after a yearlong bidding process the law enforcement agency USMS Asset Forfeiture Division will be using its custodial services. The US Marshal Services would now use Anchorage Digital for the custody of all its seized digital assets.
The USMS search for a custodian dates back to 2019 when it first began gathering information about potential service providers. The agency published subsequent documentation the following year. Anchorage will provide various services, including custody, disposal, and accounting, among others.
“Today, after more than a year-long process, we are proud to announce that Anchorage Digital has been selected as the provider of digital asset custody and financial services for the United States Marshals Service (USMS), one of the primary law enforcement agencies of the United States Department of Justice (DOJ),” Anchorage said in a statement. “This award speaks to both the quality of the platform we have developed and the stringent processes and procedures we have put in place around its use.”
Among its actions in dismantling organized crime operations, the USMS seizes assets that are the “proceeds of or are used to facilitate federal crimes.”
Recently, the USMS has seized more digital assets in its work.
Also Read: OIG Released Audit Report of USMS’ Handling of Seized Crypto
Anchorage Digital said that it will also provide “such activities as accounting, customer management, audit compliance, managing blockchain forks, wallet creation, the transformation of token assets into coin assets, etc., as well as future actions associated with the virtual currency forfeiture process.”
