Kingdom Trust, a regulated custody agent with over 100,000 clients and $12 billion in assets under custody, is going full crypto. According to a release today, Kingdom Trust has secured insurance covering digital assets via the august name of Lloyds of London. Kingdom Trust is providing custody for digital assets and not just Bitcoin and Ethereum. Kingdom Trust is all in stating it will service over 30 different assets, including, Bitcoin Cash, Bitcoin Gold, Ethereum Classic, Litecoin, Ripple and recent additions of ZCash and Stellar Lumens. The company says there are “many more on the horizon.”
Kingdom Trust has been offering custody of digital assets since 2017 and has been expanding their offerings in the following months.
Matt Jennings, CEO of Kingdom Trust, called qualified custody a top priority and a critical hurdle for institutions in the the digital asset sector.
“By adding another trusted specialist like Lloyd’s to our platform, we’re ensuring that current and future clients will have access to a highly-secure, complete safekeeping solution tailored to meet the challenges of institutional finance.”
Jennings recently published a “white paper” on the concept of a qualified custody that outlined his thoughts on the crypto space.
As a qualified, independent custodian, Kingdom Trust claims it provides a level of security and service not found elsewhere in the digital asset marketplace.