As announced, Hex Trust‘s team keeps on growing: Colin Brooks, an experienced adviser in the securities industry, joins Hex Trust. As Alessio Quaglini, CEO of Hex Trust, commented: “Colin joins Hex Trust at a critical juncture for the entire digital assets industry. A new wave of adoption is taking place,…
Read MoreEquity First Holdings LLC (EFH) partners with OSL for its digital asset custody expansion. Hence, OSL will serve as the custodian of EFH. EFH wants to increase its activity in the digital asset space and offer services to institutional investors. EFH has a proven commitment to innovation: Throughout its history,…
Read MoreAs a reaction to the European Union’s 5th anti-money-laundering (AML) Directive, AMLD5, Spanish regulators tackle national anti-money laundering and terrorist financing laws which also affects the regulation requirements for digital asset companies in Spain. About AMLD5 On 19 June, 2018, the 5th anti-money-laundering Directive (Directive (EU) 2018/843) came to being….
Read MoreTrustology, a digital asset custody solution provider, announced on 22 June, 2020 that it will team up with GCEX, a FCA-regulated OTC broker, to build a secure liquidity network backed by institutional-grade custody for OTC trading of digital assets. Speedy and secure custody services for digital assets Trustology, located in…
Read MoreThe Swiss private bank Maerki Baumann & Co. AG specializes primarily in asset management but has been offering business accounts for blockchain companies and overseeing initial coin offerings (ICOs) and security token offerings (STOs) since April 2019. As stated in a press release issued by the financial institution on 29…
Read MoreBitGo, a US-based digital asset services provider, becomes a custodian for CoinDCX, an India-based cryptocurrency exchange, and liquidity generator. BitGo launched its first multi-signature wallet in 2013. Currently, the custodian supports over 100 coins and ample amounts of on-chain Bitcoin transactions. Basically providing security, compliance, and custodial solutions, BitGo estimates…
Read MoreKoine, a London-based UK regulated digital asset custodian, and Bitfinex announced on 13 May 2020 that they will jointly launch institution-grade custody and post-trade services. Koine will be providing the exchange with a series of services that can help professional traders to mitigate the counterparty and settlement risks associated with…
Read MoreMajor South Korean bank KB Kookmin Bank is expected to launch a cryptocurrency custody service in the near future. According to a report from local news outlet Digital Today on March 27, the bank filed a trademark application for KBDAC, referring to a proposed Digital Asset Custody subsidiary, at the…
Read MoreGlobal Digital Finance (GDF), is an industry membership body that promotes the adoption of best practices for crypto assets and digital finance technologies, through the development of conduct standards. It is conducting a consultation on the following Codes of Conduct for Cryptoassets: Part IX(i) Principles for Custody “Custodial Wallets”. Organizations…
Read MoreA new German law on regulation requires every entity that holds private keys for others (e.g., bitcoin exchanges and/or bitcoin custodians) and that actively addresses the German market must become licensed as early as January 1, 2020. And to address the most common misconception right at the beginning: No, it…
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