We are proud to announce another year of strong interest from both service providers as well as clients. 2021, we are pleased to announce that blocknox GmbH, a subsidiary of Boerse Stuttgart Digital Ventures, Crypto Finance Group AG, Prosegur Crypto, and Tangany joined the DAC website as Featured Partners. Welcome on board!
Dr. Sven Hildebrandt, CEO of Digital Assets Custody, states: “Our platform provides the most comprehensive overview of Digital Asset Custodians in the world. With over 70 service providers on the platform, potential clients get a great feeling for the industry, and we also offer selection services for fund managers and banks as well. Even before the latest all-time highs, we saw a constant increase of clients on the platform.”
Digital Asset Custody not only provides customers with an overview and selection services but also functions as the to-go place for custodians who want get regulated under the German Federal Financial Supervisory Authority. “Just as we predicted years ago, the German first-mover step in regards to regulating Crypto Custodians – which was perceived negatively by some market participants – indeed serves as an advantage. As the German license will be passportable throughout Europe, crypto businesses that are regulated in Germany have a clear advantage looking forward”, he adds.
Meet our Featured Partners 2021:
blocknox GmbH is the custodian of Boerse Stuttgart Group for digital assets. The subsidiary of Boerse Stuttgart Digital Ventures GmbH established its custody service for cryptocurrencies on an escrow basis in 2019 for users of the BISON app and of Boerse Stuttgart Digital Exchange (BSDEX). At blocknox, a multilevel security concept has been developed and implemented. In the future, blocknox will offer custody services for cryptocurrencies and other digital assets to institutional clients such as fintechs, banks and asset managers. They can use blocknox’s reliable custody as a building block for their own services around digital assets. With regard to the legal regulation of crypto custody in Germany, blocknox has submitted its application for the required licence to the supervisory authorities. Until the licence is granted, blocknox already has the provisional status of a regulated financial services provider.
Crypto Finance Group AG
The Crypto Finance Group lets institutional and professional investors manage, process, and store digital assets with simplicity, security, and flexibility. The group provides top-tier storage infrastructure and tokenisation solutions and brings expertise with target operating model optimisation, security implications, and risk management. With a state-of-the-art corporate governance framework, an independent audit in line with international standards, and relevant risk assurance controls, the Crypto Finance Group makes it possible for clients to overcome operational challenges and to implement digital asset projects successfully and with confidence.
The Crypto Finance Group also provides asset management, with the first regulated asset manager for crypto asset funds authorised by FINMA, and brokerage services for 24/7 crypto asset trading. Since its founding in 2017, the group has been recognised with several awards, including the Crypto Valley Top 50 blockchain company, Top 100 Swiss Start-up, as a BarclayHedge and HFM asset management performance award winner, and 2019 Swiss FinTech Award winner.
Prosegur Crypto is the digital asset custody solution of Prosegur Group, a global leader in the security and physical asset custody industry that manages more than 360 billion euros annually in more than 20 countries on five continents, and where more than 200 financial institutions already place their trust. The solution of Prosegur Crypto offers institutional investors the highest level of security for the storage and management of digital assets with a customized protection model in addition to Staking and OTC desk services.
Prosegur Crypto’s unique custody solution is formed by six security layers that combine top physical security standards with next-generation cryptographic security technologies. Users’ private keys are stored and managed in a physical Prosegur infrastructure categorized as one of the safest facilities in the world, where transactions never connect to the Internet thanks to disruptive patented technologies, making them unreachable to external attacks.
Prosegur Crypto is aimed at financial and government entities, funds and investment managers, family offices, and exchanges that manage or invest high amounts of digital assets and require institutional-level custody services.
Tangany GmbH provides a German white-label B2B custody solution to easily and securely integrate blockchain into systems. The Tangany Custody Suite is used by more than 25 EU clients to store digital assets such as Bitcoin, Ethereum, Tether, stablecoins, and security tokens in our warm and cold wallet solution. Tangany is regulated and supervised by the German Federal Financial Supervisory Authority (BaFin) as a crypto custody provider pursuant to Section 64y German Banking Act (Kreditwesengesetz).
For more updates from the crypto sector and our Featured Partners 2021, e.g. about the launch of Prosegur Crypto’s institutional crypto custody solution, please visit our news section.