Oasis Token ROSE Will Be Custodied By Crypto Custodian Anchorage

Announcements, Blockchain, News | September 11, 2020 By:

Crypto firm Anchorage has been selected by the Oasis Foundation as an official custody provider for the Oasis Network utility token, ROSE.

Founded in 2017, Anchorage claims to be the first crypto-native digital asset custodian for institutional investors. The Anchorage platform is engineered to help institutions better safeguard their investments while getting more out of their assets, and offer services that investors expect from a traditional custodian.

The Oasis Foundation is an organization supporting the development and ecosystem surrounding the Oasis Network. The Oasis Network is the first privacy-enabled blockchain platform for open finance and a responsible data economy. Designed to give users back control and ownership of their data and financial sovereignty, the Foundation’s mission is to enable projects, developers and community members who seek to realize this vision.

Slated to launch on the Oasis Network Mainnet, the ROSE token will ultimately enable institutional holders to initiate and approve transactions securely, vote on governance questions facing the Oasis Network, and stake, delegate or claim ROSE tokens. ROSE will be used to pay transactions on the consensus layer of the Oasis Network as well as support for staking and delegation in the future.

According to the release, the Oasis Network is separated into two parts: the Consensus Layer and the ParaTime Layer. This unique design will reportedly allow Oasis Network to parallelize operations and scale each layer independently so that it can create custom runtimes to support the most complex and specific use cases. Privacy-first and EVM compatible ParaTimes are currently in development. Designed to give users financial sovereignty and control of their data, ROSE will play a critical role in how ecosystem partners interact with each other and how data is permissioned for usage or storage on Oasis Network.

Through the Anchorage partnership, holders of the Oasis ROSE token now have the option of holding their assets with a Qualified Custodian that is both more secure and usable than cold storage.

“Anchorage has developed a truly institutional platform for the digital asset space,” said Jernej Kos, Director of the Oasis Foundation. “We’re glad to have them as a launch partner, and to offer institutional holders of ROSE secure, usable custody from day one.”

“As the official and preferred custody provider for Oasis ROSE, Anchorage is proud to support the dual missions of advancing open finance and a responsible data economy,” said Diogo Mónica, Anchorage Co-Founder and President.