Oasis Foundation announces Visa-backed Anchorage as its preferred custody provider

By Pavithra R

The Oasis Foundation, an organization supporting the development of the Oasis Network and its ecosystem has announced that it has selected Anchorage, a Visa-backed digital asset platform, as an official custody provider for the Oasis Network utility token, ROSE.

ROSE, slated to launch on the Oasis Network Mainnet token will enable institutional holders to initiate and approve secure transactions, vote on governance questions facing the Oasis Network, and stake, delegate or claim ROSE tokens. With the launch of the Oasis Mainnet, 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.

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

The Oasis Network is separated into 2 parts: the Consensus Layer and the ParaTime Layer. Its unique design allows Oasis Network to parallelize operations and scale each layer independently so as to create custom runtimes to support complex and specific use cases. Privacy-first and EVM compatible ParaTimes are currently in development.

ROSE, designed to give users financial sovereignty and control of their data, is expected to play a critical role in how various ecosystem partners interact with each other and how data is permissioned for usage or storage on Oasis Network.

“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.

Recently, Binance partnered with Oasis Labs to launch CryptoSafe Alliance to combat crypto fraud.

The Oasis Foundation is an organization supporting the development and ecosystem surrounding the Oasis Network. The Oasis Network is a privacy-enabled blockchain platform for open finance and a responsible data economy.