Tagged: custody

November 9, 2020 @ 7:43 pm By JD Alois  |  

The Securities and Exchange Commission, Staff of the Division of Investment Management has issued a public statement pertaining to a recent No-Action Letter (NAL) published by the Wyoming Division of Banking that included the Wyoming Division of Banking’s views relating to the definition of “bank”… Read More

October 19, 2020 @ 1:19 pm By JD Alois  |  

Hedera Hashgraph, an enterprise-grade blockchain platform, has announced a partnership with Onchain to provide custody services in Asia. Onchain will be providing custody for Hedera’s native digital asset HBAR. Holders of HBAR will have the option to secure their HBAR tokens with Onchain’s SAFE digital… Read More

October 6, 2020 @ 3:37 pm By Samantha Hurst  |  

Finoa, a Germany-based fintech, announced on Tuesday it is teaming up with Oasis Network to provide custody for the network’s ROSE toke at mainnet launch. According to Finoa, ROSE is designed to give users financial sovereignty and control of their data and is expected to… Read More

October 1, 2020 @ 9:36 am By JD Alois  |  

HUB Security is an OurCrowd Portfolio Company Cybersecurity provider HUB Security has formed a partnership with Marsh to provide custody services for digital assets to financial services firms. Marsh, part of Marsh & McLennan (NYSE:MMC) is a top insurance broker and risk advisor that operates… Read More

September 16, 2020 @ 9:30 am By JD Alois  |  

INX, a digital asset marketplace that is in the midst of an SEC-registered digital asset offering, has enlisted GK8 for digital asset custody. As it was recently reported, INX hopes to raise up to $117 million by selling 130 million INX tokens at a per… Read More

August 4, 2020 @ 10:00 am By JD Alois  |  

Recently, the Office of the Comptroller of the Currency (OCC) posted a letter clarifying national banks’ and federal savings associations’ authority to provide cryptocurrency custody services for customers. Although recently we have seen improvements in banks providing services to crypto firms, many digital asset service providers… Read More

July 29, 2020 @ 11:36 am By JD Alois  |  

  Prime Trust is a fast-growing Fintech and securities custody provider that appears to be in the midst of hockey stick trajectory. This week, in a widely distributed email, Prime Trust founder and CEO Scott Purcell outlined the transition from startup, to market traction, to… Read More

July 22, 2020 @ 3:47 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has posted a letter clarifying national banks’ and federal savings associations’ authority to provide cryptocurrency custody services for customers. The OCC is the lead bank regulator in the US. Recently, the OCC has issued several forwarding… Read More

June 22, 2020 @ 10:17 am By JD Alois  |  

Trustology has announced a partnership with GCEX, an OTC broker that is regulated by the Financial Conduct Authority (FCA). According to a release distributed by Trustology, the arrangement will enable a secure liquidity network with institutional-grade custody for digital asset trading. The targeted customers includes… Read More

June 16, 2020 @ 9:58 pm By Omar Faridi  |  

Michael Haley, the product manager and client services specialist at Casa, a company focused on developing security and custody solutions for Bitcoin (BTC), confirms that the company received an investment from Mantis VC, the VC division of The Chainsmokers. The funds will be used to… Read More

June 1, 2020 @ 12:40 pm By JD Alois  |  

Prime Trust, a custody platform and Fintech that just about every online capital formation platform in the US utilizes, has hired Tom Pageler as President & COO, according to an email distributed by founder and CEO Scott Purcell. Pageler has a long resume of working… Read More

May 27, 2020 @ 10:58 am By JD Alois  |  

Both FCA regulated, Koine and GC Exchange Limited (GCEX) partner to provide global client-base with segregated custody and settlement on digital assets and fiat. According to a release, GCEX will use Koine’s custody and settlement services, allowing GCEX’s clients to benefit from Koine’s platform for… Read More

May 18, 2020 @ 9:19 am By Samantha Hurst  |  

Digital asset custody platform Koine announced on Monday it has received in-principle approval (IPA) to provide custody in relation to Virtual Assets in the Abu Dhabi Global Market (ADGM). According to Koine, the IPA was granted by the Financial Services Regulatory Authority (FSRA) of ADGM…. Read More

April 28, 2020 @ 4:21 pm By JD Alois  |  

Kingdom Trust, a regulated custody provider, is now providing custody for Hedera Hashgraph‘s HBAR as it has been added to its list of “acceptable digital currency investments.” Lionel Chocron, Chief Product Officer of Hedera, said Hedera’s mission is to provide the trust layer of the… Read More

April 7, 2020 @ 8:00 pm By JD Alois  |  

Propine Seeks to Power the Future of Digital Assets Singapore has long been a leader in Fintech. Innovative financial services have benefited from a supportive regulatory regime and an entrepreneurial population. Singapore is also a highly business-friendly, low tax jurisdiction and has emerged as a… Read More

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