You can now anchor cryptocurrencies on LockerX

July 16, 2020

You can now anchor cryptocurrencies on LockerX

Today we introduce a new service to bridge cryptocurrencies to the Stellar network.

As an anchor, we will keep your cryptocurrencies safe and, at the same time, we will issue you an equal amount of that cryptocurrency token that you can use on Stellar, taking advantage of Stellar fast and cheap transactions.

We like the transparency and auditability that blockchains provide, for this reason we decided to link every deposit and withdrawal by storing their hash in the Stellar transaction.

For example, this transaction that issues 0.1 Bitcoin Cash contains a memo that links the transaction on Stellar with the transaction on the Bitcoin network. Because of this, the circulating supply of our tokens can be independently audited by everyone, ensuring everyone can trust it.

At launch, we support the following cryptocurrencies, with plans to expand to include more cryptocurrencies in the future:

Are my funds safe?

Yes, your funds are completely safe and can be redeemed at any time. We store your cryptocurrencies in an industry-leading multi signature wallet service.

All our tokens are backed 1-to-1 by cryptocurrencies, you can check this by monitoring our issuing account. Every transaction contains the hash of the deposit transaction to link the two transactions together.

Getting started

You can get started by visiting anchor.lockerx.co.uk, we provide an easy-to-use interface to deposit and withdraw funds to and from the Stellar network.


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