Limestone Network partners with Onchain Custodian

Limestone Network announced a partnership with Onchain Custodian. The strategic collaboration with Onchain will allow for digital asset insurance and safekeeping. With it, Onchain becomes the exclusive custody and storage partner for Limestone Network. Limestone Network: Blockchain-based smart city projects Limestone Network, founded in 2018, focuses on building smarter, more secure…

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Digital asset custody solution by Standard Chartered Bank

The Standard Chartered Bank confirmed launching a digital asset custody service offering. Working on the custody solution are the venture and innovation arms of Standard Chartered. As confirmed to CoinDesk by the Head of SC Ventures, Alex Manson, Standard Chartered’s digital asset custody solution is tailored for institutional markets. The…

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PayPal partnering with Paxos to offer digital asset trading

Reportedly, PayPal is partnering with Paxos to introduce digital asset trading through Paxos‘ brokerage service, Paxos Crypto Brokerage. By the time of publication, there has not been an official statement by either one of the partners. Digital asset industry insiders are expecting a press release by next week. PayPal’s efforts…

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Copper launches new service to create securitized token

The custody and execution platform provider Copper launches a new service for institutional investors. With it, the creation of securitized token for digital asset-based products is possible. After already launching a new trading tool to minimize credit risk exposure earlier this year, Copper announced its new addition to the service…

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Equities First Holdings partners with OSL to offer digital assets

Equity 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,…

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Digital asset companies facing new regulation requirements in Spain

As 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….

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How the Latest German Regulations Target Bitcoin Exchanges and Custodians

A 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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Bittrex: $300M insurance on crypto held in cold storage

Cryptocurrency exchange Bittrex obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage. This is the highest coverage yet offered by a cryptocurrency exchange, as CoinDesk reported. The company announced the news in a blog post on January 29, saying it…

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