Custodia‘s Bitcoin custody platform recently went live.
Custodia is a bank that is reportedly built by Bitcoiners “offering segregated (not omnibus) accounts on our custom-built Bitcoin custody platform.”
Custodia’s Bitcoin custody service is said to be “purpose-built for businesses: fiduciaries, including investment advisers, investment managers & corporate treasurers.”
As a non-lending bank they can reportedly “offer integrated US dollar services (Not FDIC insured) and Bitcoin custody under one roof, which simplifies user operations and reduces risk.”
Their whitepaper describes how they’re different from other service providers.
As covered, Custodia explains that it “provides a full suite of banking and financial services tailored to business customers looking for enhanced regulatory clarity, defined asset and balance sheet status for assets, and minimized transactional risk as they travers.”
As previously reported, Custodia is pleased to announce that Lisa Hough has joined the bank as Vice President of Strategic Relationships, responsible for helping customers in the U.S. Bitcoin and energy industries “meet their banking and bitcoin custody needs.”
Lisa transitioned to the Bitcoin sector in 2019 “after a successful 10-year career in energy trading, during which she provided counsel to energy companies, public utilities, investment funds and investment banks.”
She has become an outspoken advocate “for the Bitcoin ecosystem in the U.S., where its interruptible power demand characteristic is making it an important component of risk management for energy companies, especially within the State of Texas.”
As an interruptible form of data processing that offers energy companies a new way to monetize every energy molecule, Lisa believes energy companies “will ultimately incorporate bitcoin mining into their operations and, consequently, need bitcoin custody banks that are integrated with their banking and capital markets providers.”
Caitlin Long, CEO of Custodia, said:
“We are thrilled to welcome Lisa into the Custodia family. Her deep expertise in the energy and Bitcoin sectors will be instrumental in accelerating our digital asset-friendly banking and bitcoin custody efforts. Lisa’s strategic insights and industry expertise will be invaluable as we expand our presence in this highly-specialized space.”
Customers in the U.S. energy and Bitcoin industries “that wish to reach Lisa can contact her via email@example.com.”