Anchor Labs will allow institutional investors to hold Gram tokens

Anchorage Trust Company, a wholly owned subsidiary of Anchor Labs, will be the first entity to allow institutional investors to hold Gram tokens. The statement was made by Co-Founder and President Anchor Labs Diogo Monica.

In the blog post, the company said the services will be offered either through Anchorage Trust Company or Anchorage Hold. The two companies are not registered with the SEC and the services will not be initially offered to New York residents.

Expected release on October 31st

Investors will thus have two main options for the purchase of Gram tokens, scheduled to be released on October 31. These can be purchased directly from the market or from the Telegram Open Network (TON) reserve.

According to the official announcement published by the Telegram on October 2, investors who participated in the GRAM ICO received an email to generate the access key. Those wishing to collect their purchased tokens will have to offer the Telegram the key generated through specialized software.

Investors bought future GRAM tokens in two rounds, in February and March 2018, for 37 cents and $ 1.33, respectively. The code for the TON blockchain nodes was launched at the end of September.

Wallet already available

The first mention of the TON and the GRAM token appeared on the official Telegram website on Tuesday morning in the form of terms of service (ToS) for the wallet application. According to ToS, Telegram will integrate the wallet in the company’s messaging application and offer it as a standalone product.

“We have no control over the TON Blockchain network and therefore cannot ensure that the details of the transaction you send through the services will be validated and confirmed on the TON Blockchain”,

is shown in the document.

The Android wallet is provided by Telegram FZ-LLC, of ​​London, one of the Telegram entities. The iOS version was released at the end of September.