Tagged: custody

March 27, 2020 @ 12:20 pm By JD Alois  |  

Mt Pelerin, in partnership with ID Quantique (IDQ), has started testing its digital asset custody solution in Switzerland, according to a release The “Quantum Vault” is described as being an ultra-secure digital asset custody solution. In October 2019, IDQ and Mt Pelerin received funding from… Read More

March 16, 2020 @ 1:30 pm By JD Alois  |  

The Coronavirus spawned market meltdown is impacting all aspects of society. Both small and large firms are attempting to assess how to survive while staying healthy. Every company that is able to is work remotely has already migrated to a virtual environment. Access to capital… Read More

March 3, 2020 @ 6:34 pm By Omar Faridi  |  

Amstelveen, Netherlands-based KPMG, a leading professional services and accounting firm, argues that owning crypto assets is still considered a high risk investment by institutional clients. The Big Four auditing firm recently shared a report with Bloomberg, noting that, since 2017, over $9.8 billion worth of… Read More

January 16, 2020 @ 10:11 pm By Cali Haan  |  

The Canadian Securities Administrators (CSA) have made a major announcement regarding the regulation of cryptocurrency and “cryptoasset” trading platforms in the country, one that could add significant operational costs in the near term. Under the guidance, unless they have obtained an exemption, cryptocurrency trading platforms in… Read More

November 11, 2019 @ 10:38 am By JD Alois  |  

Digital asset exchange Bakkt has announced Bakkt Warehouse, a Bitcoin custody solution for institutions regulated by the New York Department of Financial Services (NYDFS). Bakkt describes the new service as the critical link for institutional adoption of Bitcoin. In a blog post, Bakkt said that… Read More

November 4, 2019 @ 9:34 am By JD Alois  |  

Fundament Securities, the issuer of the first regulated Real Estate Security Token offer in Germany, will provide institutional-grade custody solution for its digital assets in a new partnership with DACS “Digital Asset Custody Solution” a digital asset lifecycle management business. Fundament Group is a Berlin-based end-to-end… Read More

November 1, 2019 @ 3:24 pm By JD Alois  |  

Goji has launched an asset custody service to support the growth of crowdfunding platforms, according to a company release. Goji states that FCA’s regulatory obligations to safeguard client assets can either be operated internally on the platform or rely on a third-party custodian. Goji currently… Read More

October 31, 2019 @ 10:47 am By JD Alois  |  

Digital asset custody platform Koine has been granted authorization for the issuance of electronic money (EMI Licence) by the Financial Conduct Authority (FCA). Koine added that it has selected the UK as its “jurisdiction of preference” when it comes to a regulated market and that… Read More

October 20, 2019 @ 12:34 pm By Omar Faridi  |  

Fidelity Digital Asset Services (FDAS) is “now engaged in a full rollout” of custody and trading services for crypto assets. Boston, Massachusetts-based Fidelity Investments, a multinational financial services firm with over $2.8 trillion in assets under management, is expanding its crypto platform from the limited… Read More

October 9, 2019 @ 7:12 am By Omar Faridi  |  

Crypto asset custodian of software development company Anchor Labs has said that it’s the first organization that has qualified to support institutional custody for messaging giant Telegram’s Gram (GRM) token. Anchorage Trust Company, a wholly-owned subsidiary of California-headquartered Anchor Labs, will reportedly become the first… Read More

October 6, 2019 @ 1:52 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) held the 4th meeting of the Technology Advisory Committee (TAC) this past week, sponsored by CFTC Commissioner Brian Quintez. Several of the topics included hot areas of Fintech such as the utilization of distributed ledger technology (DLT/ Blockchain) in… Read More

September 24, 2019 @ 1:00 pm By JD Alois  |  

Prime Trust, a custody and escrow platform providing services to both traditional and digital assets, has announced Binance America (BAM) as a customer. Binance is frequently credited with being the largest crypto exchange in the world. Recently, Binance announced Binance.us to serve US-based customers who… Read More

September 24, 2019 @ 8:20 am By JD Alois  |  

Following recent $6.2 million funding round, “KNØX” has announced the launch of a digital asset custody service and insurance coverage for the assets. KNØX seeks to provide the service to institutional clients, such as asset managers, as securities and other assets migrate to the digital… Read More

September 10, 2019 @ 2:09 pm By Samantha Hurst  |  

Gemini Trust Company, a U.S.-based cryptocurrency exchange and custodian, announced on Tuesday the launch of its new institutional-grade crypto custody solution, Gemini Custody. Gemini reported that the solution was built from the ground up to meet the “complex and high-stakes” need of modern financial institutions…. Read More

August 22, 2019 @ 9:30 am By Samantha Hurst  |  

Blockchain software firm BitGo announced on Thursday the launch of its new multi-signature wallet and custody for EOS. BitGo reported it now supports more than 200 coins and tokens enabling institutional clients to hold assets. BitGo further explained: “The EOS token is one of the… Read More

July 8, 2019 @ 3:40 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Division of Trading and Markets, has joined with the Financial Industry Regulatory Authority (FINRA) in issuing a statement regarding the custody of digital assets and broker-dealers. Custody of digital assets is a pressing concern for industry participants. Similar to… Read More

June 10, 2019 @ 4:53 pm By JD Alois  |  

According to an email circulated by PrimeTrust, the custody platform is now offering a free IRA service (individual investment accounts) to their platform partners. This means that crowdfunding platforms, broker-dealers, investment advisers, real estate platforms and cryptocurrency exchanges that are PrimeTrust partners may offer this… Read More

June 5, 2019 @ 9:30 am By JD Alois  |  

Paxos, a regulated crypto custody and investment platform, has selected Daniel Burstein as its General Counsel and Chief Compliance Officer. Burstein previously served as Executive Deputy Superintendent and Acting Chief of Staff for the New York State Department of Financial Services (NYDFS), so he has… Read More

May 20, 2019 @ 7:46 am By JD Alois  |  

Koine has acquired Recruitable Ltd (trading as hireabl) – a Fintech described as a pre-launch platform for automated client on-boarding. Jason Mochine, formerly CEO at hireabl, will now become Head of Sales at Koine. Koine is a firm engaged in the settlement and custody of… Read More

May 17, 2019 @ 2:03 am By JD Alois  |  

Swarm, an infrastructure provider for the issuance and trading of digital assets, has decided to use Copper as its preferred digital asset custodian. In a release, Swarm said the integration of Copper’s solution will provide the institutional grade security fundamental to the mass market trading… Read More