Security giant Prosegur launches institutional crypto custody solution

20 Nov, 2020

Prosegur, a Spanish security company, announced the launch of a management service for cryptocurrencies including crypto custody. The new subsidiary, Prosegur Crypto, will offer broader insurance policies in the digital scene, framed in advanced cybersecurity protocols, the announcement said. Its services address institutional clients who manage or invest in digital assets.

Therefore, the solution will be available to financial institutions, government agencies, fund and investment managers, as well as family offices. Besides, trading platforms may use its services to “execute the management processes” of digital assets, including the sending and receipt of transactions on blockchain networks.

Prosegur is the market-leading security services provider in its native Spain, but also has a big share of the markets in Brazil and Germany – as well as a strong presence in Portugal and Latin America. Prosegur Crypto combines the highest standards in physical security with state-of-the-art cryptographic security technologies. Users’ private keys are stored in a physical Prosegur infrastructure, without an Internet connection, and the guarded assets have military-grade cryptographic and logical security layer protection. Both capabilities make Prosegur Crypto the safest and most complete solution on the market and set it apart from all other existing custody services.

“Our platform satisfies a real and urgent need that exists today in the market. With this unique proposal, we offer a comprehensive and reliable custody solution with the level of protection and demand demanded by companies and institutions”, said the CEO of Prosegur Crypto, Raimundo Castilla. “Few institutional custodians are able to provide an adequate level of protection. Prosegur Crypto aims to lead this market as the safest and most reliable partner for institutional investors.”

Prosegur is the first global security company to enter the crypto asset market and offer a comprehensive custody model and service, including one of the broadest insurance policies in the digital market.

Source: Press release Prosegur

 

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