Anchorage jumps into full token lifecycle management with acquisition of cap table management and TGE tech

Anchorage Digital announced its second acquisition this week, purchasing Hedgey, a startup specializing in token cap table management solutions, following its earlier acquisition of Securitize's wealth management unit. Hedgey provides a platform for managing token allocations, distributions, vesting schedules, and facilitating Token Generation Events (TGEs) and post-launch tracking. Anchorage CEO Nathan McCauley stated that this integration aims to reduce operational risks and errors in token economics, enhancing credibility, especially with institutional investors. By acquiring Hedgey's technology and team, Anchorage expands its role in the token lifecycle, building the infrastructure for the assets it will then offer custody and investment services for. The move supports Anchorage's broader expansion, which includes growing its presence in the stablecoin sector and building out wealth management capabilities, leveraging its status as the first crypto company with a federal banking license.

(Source：The Block)