Aaron Schnarch, former head of custody at COINBASE, has been appointed as the Chief Operating Officer of Anchorage Digital. Anchorage Digital is a leading institutional cryptocurrency custody firm based in San Francisco, with a federal banking license. Its clients include Apollo Global Management and EDX Markets. With support from Goldman Sachs, KKR, and Andreessen Horowitz, the company was valued at over $3 billion in its latest funding round in 2021.