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BTC Asset Manager Onramp Unveils Multisig Platform, Adds BitGo to Custodians

As with the trust, Onramp is harnessing multisignature (multisig) security, in which several custodians control the private keys to the bitcoin being held. The asset manager has tapped BitGo to perform this role alongside Coincover and Kingdom Trust, according to an announcement shared with CoinDesk on Thursday. Original Source

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89% still trust centralized custodians despite 2022’s collapses: Survey

American crypto users haven’t lost their trust in “intermediaries” to hold their crypto, with a January survey from Paxos suggesting a majority of United States crypto hodlers still trust banks, exchanges and mobile payment apps to custody their assets.An annual online survey published on Mar. 7 by the stablecoin issuer

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SEC chair implies crypto exchanges may be ‘qualified custodians’ as new rule is drafted

United States Securities and Exchange Commission Chair Gary Gensler spoke at a meeting of the commission’s Investor Advisory Committee on March 2 on the topic of asset custody. The committee has a proposed rule for investment advisers on safeguarding investor assets. It was the second statement Gensler has made on

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SEC Chair Gensler Says Crypto Exchanges May Not Be ‘Qualified Custodians’

"The proposal takes up Congress’s 2010 provision for us to expand the custody rule to cover all of an investor’s assets, not just their funds or securities. Congress granted us new authorities to expand the custody rule in response to the financial crisis and Bernie Madoff’s frauds. The expanded custody

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SEC to target crypto firms operating as ‘qualified custodians’ — Report

The United States Securities and Exchange Commission (SEC) is reportedly planning to propose new rule changes this week that could impact what services crypto firms can offer their clients. According to a Feb. 14 report from Bloomberg citing “people familiar with the matter,” the securities regulator is working on a draft

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MetaMask expands institutional offering by integrating new crypto custodians

Decentralized finance (DeFi) wallet and browser extension MetaMask formed a new strategic partnership with four major crypto custodians: Gnosis Safe, Hex Trust, GK8 and Parfin.MetaMask Institutional (MMI), the institutional version of the popular Ethereum wallet MetaMask, announced on Wednesday that the new integration will provide decentralized autonomous organizations (DAOs) with

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US banks partner with crypto custodians

Grayscale Investments’ latest report “Reimagining the Future of Finance” defines the digital economy as “the intersection of technology and finance that’s increasingly defined by digital spaces, experiences, and transactions.” With this in mind, it shouldn’t come as a surprise that many financial institutions have begun to offer services that allow clients

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Portal Removes The Need For Wrapped Tokens And External Custodians For Cross-Chain Asset Transfers

Cross-chain bridges can unlock tremendous potential in the crypto world. But, unfortunately, this technology has certain issues and the wrapped tokens they use. Portal wants to change that narrative by removing the need for wrapped assets or third-party custody of user assets. Cross-Chain Bridges Are A Security Risk Those are the findings

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