Anchorage Digital has appointed Aaron Schnarch, former CEO of Coinbase Custody, as its Chief Operating Officer to spearhead operations and drive institutional adoption of digital assets.
Henry Russell
Anchorage Digital, a leading crypto platform for institutional participation, has announced Aaron Schnarch as its first Chief Operating Officer (COO). Aaron brings a wealth of experience from his previous role as CEO of Coinbase Custody and his extensive background in both traditional finance and the crypto sector. In his new position at Anchorage Digital, he will oversee all key business lines, including custody, trading, staking, and self-custody services, as well as direct efforts in sales, marketing, and business development.
Aaron's appointment follows a year of significant achievements for Anchorage Digital, including the launch of Porto, their new self-custody wallet for institutions, and reaching an all-time high of $50 billion in assets under custody. With a proven track record in developing and scaling financial products, Aaron is expected to drive forward Anchorage's mission of revolutionizing the financial landscape and enhancing institutional access to digital assets. His previous roles have equipped him with the skills necessary to expand Anchorage Digital's influence and capabilities in the rapidly evolving digital asset industry.
Under Aaron's leadership, Anchorage Digital aims to further its growth phase, emphasizing the institutional adoption of digital assets. His strategic vision is aligned with Anchorage's commitment to providing secure, scalable, and user-friendly solutions designed for institutional clients. With a robust regulatory framework and advanced security architecture, Anchorage Digital is poised to lead the market in providing comprehensive digital asset services to global institutions. Aaron's role will be pivotal in expanding the company's reach and enhancing its product offerings to meet the sophisticated needs of its clients.
