The U.S. Marshals Service (USMS) will be using Anchorage Digital’s solution for digital asset custody. The U.S. federal agency took over a year to review and select a provider.
Anchorage will work with USMS’s Asset Forfeiture Division which confiscates financial assets involved in federal crimes and criminal operations. Historically the Division has gotten hold of cash, real estate, art, and other traditional assets. In more recent years, digital assets have become more prevalent in criminal seizures.
Besides digital custody, Anchorage will also be responsible for the liquidation, accounting, management, audit compliance, wallet creation and other actions associated with the virtual currency forfeiture process of the assets.
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