Worst case, Anchorage goes bankrupt.
Your crypto assets stay put. Anchorage Digital is bankruptcy remote, so holdings stay segregated, remain in kind, and return to you after the process. BNY Mellon holds $50-60 trillion in custody and steps in without interruption. Three legged stool: you, DWP, and Anchorage. Remove any leg and it holds. No single point of failure. That is why BlackRock moved their digital assets there.
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