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Crypto custodian Copper is looking to connect institutions to the emergent world of decentralized finance (DeFi) with a newly unveiled product. Announced Friday, CopperConnect is a bridge between Copper’s existing storage services and DeFi apps. In a press release for the new tool, Copper claims DeFi risks have been decreasing, making
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SEC may be seeking to establish a definition for “Qualified Custodian” to easily identify companies that fall into that category for easy supervision. The US Security Exchange Commission (SEC) has requested public comments on what “Qualified Custodian” means in crypto following ongoing claims. This came about after a wealth management firm
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The U.S. Securities and Exchange Commission (SEC) is once again asking about qualified custodians and how crypto custody fits into this regulatory framework.Last month, the Wyoming Division of Banking granted a no-action letter to Two Ocean, a wealth management firm hoping to offer custodial services for digital assets (which include
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Crypto custody provider BitGo has filed paperwork with New York’s financial regulator to offer its services in the state. In an announcement Tuesday, the company said it was seeking approval from the New York State Department of Financial Services (NYDFS) to act as a trust in the jurisdiction. It plans, if approved,
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[sociallocker id="55298"] A recent paper from academics at Leiden Law School suggests that if a crypto exchange or crypto custodian goes bankrupt, investors could well lose control over their stored coins. This happened in Japan’s Mt. Gox exchange collapse, and more recently with the failure of Italy’s BitGrail exchange. Thus,
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Kingdom Trust, a South Dakota-based custodian managing more than $13 billion assets, is closely eying the tokenization sector.Speaking to Cryptox, Kingdom Trust chief executive, Ryan Radloff, revealed that the firm wants to tokenize the more than 20,000 alternative, crypto, and legacy assets that it currently offers custody services for. He
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Cointelegraph spoke to Anchorage co-founder and president, Diogo Monica, to get his take on how the rise of decentralized finance (DeFi) is impacting the crypto custodian sector.Monica stated that the increasing complexity of DeFi “is beginning to expose the inadequacies of cold storage custody and manual human operations.” Anchorage’s president emphasized
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A new founding round will help London-based digital asset startup Copper mee the burgeoning demand for cryptocurrency custody services.Tech business publication BusinessCloud reported on Feb. 17 that Copper has raised $8 million in a Series A round which included venture capital firms like MMC Ventures and LocalGlobe. With such
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Crypto custody provider Copper has raised $8 million in a Series A round – an investment it plans to use launching in new markets. Participants in the Series A included two U.K.-based venture capitals, LocalGlobe and MMC Ventures, as well as the Berlin-based Target Global, which specializes in investing in
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Bank Frick, a leading European blockchain bank, has expanded its range of cryptocurrencies for which it offers trading and custodian services. Bank
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