Tagged: custody

March 1, 2021 @ 10:07 am By JD Alois  |  

At the end of 2020, the Securities and Exchange Commission (SEC) issued a statement on the custody of digital assets by “special purpose broker-dealers.” At that time, the SEC said that they were seeking to “encourage innovation around the application of Securities Exchange Act Rule… Read More

February 19, 2021 @ 11:07 am By Omar Faridi  |  

The IOTA Foundation has teamed up with Curv Custody in order to expand the IOTA Token Ecosystem. The IOTA developers noted that they’re pleased to confirm that the IOTA token will “soon be available” on Curv’s “industrial-grade” digital asset custody platform. With IOTA’s planned Chrysalis… Read More

December 27, 2020 @ 11:42 pm By Samantha Hurst  |  

  BitGo, a digital asset financial services provider, recently announced it has hit $16 billion in digital assets under custody (AUC) milestone. Founded in 2013, BitGo describes itself as the leader in digital asset financial services, providing institutional investors and crypto platforms with liquidity, custody, and… Read More

December 23, 2020 @ 12:00 pm By JD Alois  |  

The Securities and Exchange Commission has issued a statement and request for comment regarding the custody of digital asset securities by broker-dealers. The Commission states that this consultation is in order to encourage innovation around the application of Securities Exchange Act Rule 15c3-3 to digital… Read More

December 7, 2020 @ 9:13 am By JD Alois  |  

Arca Labs, part of Arca a digital asset firm leveraging blockchain for the securities industry, has partnered with multiple digital asset custody providers. The partners include: Anchorage, TokenSoft, Gemini, Ledger, and Komainu. The group of custody firms will also support ArCoin that is backed by… Read More

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