Overview

Quorums are important as they allow us to authenticate organizational intent—to ensure that transactions initiated align with your organization's governing structure. Thus, quorums are an important part of our processes at Anchorage Digital, both internally and for our end users.

When we onboard a new client, they’re required to have a minimum of 3 admins. All initial individuals onboarded are admins. From there, new users can be added, new vaults can be established, and new policies can be set through a quorum of admins.

A quorum is how we verify and confirm that multiple users (minimum 2 for a quorum) agree to create an operation to update the organization, move assets, or create/update API permission groups and keys.

Once a quorum is reached, the operation will go to Anchorage Digital for review and approval. Some operations made via API do not require quorum approval (see table below).

Quorum flow

Operations requiring quorum

Operation	Mobile (iOS)	Web dashboard	API-enabled	Quorum required
Withdrawals	Yes	No	No	Yes
External transfers	No	No	Yes	No
Internal transfers	No	No	Yes	No
Create trusted destination	Yes	No	No	Yes
Add approved address	Yes	Yes	No	Yes*
Trade (buy/sell)	No	Yes	Yes	No
View trade history	No	Yes	Yes	No
Add new user	Yes	No	No	Yes
Provision new deposit address	Yes	Yes	Yes	No
Vault balances	Yes	Yes	Yes	No
View transfer and withdrawal history	Yes	Yes	Yes	No
Create vault	Yes	No	No	Yes
Create API permission group	No	Yes	No	Yes

*Only when updating permissions group, not per address