Cryptocurrency Analysis and News Portal
German security token offering (STO) platform Black Manta Capital Partners partnered with local digital asset custody firm Finoa to develop institutional security token custody.According to an announcement shared with Cryptox on May 4, the cooperation aims to develop a regulated security token custody solution explicitly aimed at institutional investors, high
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Thanks in part to the uncertainty of the coronavirus crisis and rising bitcoin prices, bitcoin wallet startups have seen a sudden uptick in activity. For example, over the past two months the Austin, Texas-based bitcoin startup Unchained Capital, with over $50 million in assets under management and $150 million worth of
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Etana Custody, a custody firm that provides fiat funding services to the major cryptocurrency exchange Kraken, was reportedly breached on April 18.Despite an unauthorized party infiltrating Etana’s system, a spokesperson from the company indicated to reporters that no client funds were impacted.A widely quoted memo from Etana Custody states that
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Qualified digital asset custodian, Anchorage Trust Company, has added XRP to the list of assets supported by its institutional custody solution. The company announced support for the third largest cryptocurrency by market cap in a blog post on April 2.Anchorage claims that its custodial solution is safer than cold
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Owning cryptocurrency is still considered a risk by institutional investors, according to a March 2 KPMG report shared with Bloomberg. The accounting firm estimated that more than $9.8 billion worth of crypto has been stolen since 2017.The findings revealed that lax security and poorly written code were responsible for
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After facing multiple delays, Filecoin (FIL) is now looking toward a mainnet launch in Q3 2020 — which will be supported by a Gemini exchange custody solution.Filecoin will send ICO participants their FIL coins on Gemini’s custody platform after the project’s expected Q3 launch, Gemini said in a Feb.
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A new crypto bank tries to address some of the most fundamental issues for institutions that want to get into the space. An incredible amount of work has gone into convincing institutional investors that bitcoin (BTC) and other crypto should be on their radar. Now that many are convinced, however, they
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BitGo is expanding beyond crypto custody with the takeover of a onetime poster child of the adjacent market for digital securities.Harbor’s subsidiaries, which include a broker-dealer regulated by the Financial Industry Regulatory Authority and a transfer agent supervised by the Securities and Exchange Commission, are included in the acquisition, the
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Blocknox, a subsidiary of the second largest German stock exchange Boerse Stuttgart, is expanding its cryptocurrency custody service to institutional players.According to an announcement from the bourse on Tuesday, Blocknox already provides custody for crypto assets on an "escrow basis," and has made the service available to users of Boerse
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On the heels of new Anti-Money Laundering laws, several German banks are reported to be seeking regulators’ go-ahead to offer digital assets services. Local newspaper Handelsblatt reported on Feb. 7 that Germany’s Federal Financial Supervisory Authority (BaFin) is dealing with a cascade of applications from 40 banks seeking to become
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