No More FTXs! Consensus 2023 Attendees Discuss Future of Crypto Custody
FTX's collapse reignites the self-custody debate with Consensus 2023 attendees in an excerpt from CryptoX’s first-ever Consensus @ Consensus Report. Source
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Custody
Zodia Custody to Offer Staking to Institutional Clients Through Blockdaemon
The firm said it is the first bank-owned custodian to offer staking services to institutional clients. Source
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Taurus deploys on Polygon blockchain for asset tokenization and custody
Digital asset infrastructure provider Taurus is stepping up its tokenization efforts in Europe through a full integration with the Polygon blockchain, the company announced on June 2. The move comes three months after Taurus raised $65 million in a funding round, and will allow its clients to automatically issue digital securities.
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Bybit gets pre-approval in Kazakhstan as crypto custody service provider
Cryptocurrency exchange Bybit continues the expansion of its operations after receiving “in-principle” approval from regulators in Kazakhstan. On May 29, the exchange announced its pre-approval from Kazakhstan’s Astana Financial Services Authority (AFSA) to operate as a digital asset trading facility and as a custody services provider at the Astana International Financial
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Prometheum subsidiary receives FINRA approval for digital asset qualified custody
Prometheum subsidiary Prometheum Ember Capital has received approval from the Financial Industry Regulatory Authority (FINRA) as a special purpose broker-dealer (SPBD) for digital asset securities. This approval allows Prometheum to custody digital asset securities on behalf of retail and institutional clients.FINRA’s designation of Prometheum Ember Capital as an SPBD makes
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How the SEC’s Proposed Custody Rule for Crypto Comes Up Short for FAs
In 2003, the SEC amended the rule to keep up with technological advances in capital markets infrastructure, which have made virtually every aspect of the advisory industry more efficient. The modernized rule, which better defined custody and essentially removed any assumption of paper assets, has been serving advisors and clients
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Ripple Acquires Swiss Crypto Custody Platform Metaco for $250M as Part of Push toward Tokenization
US remittance system Ripple acquired Metaco to leverage the company’s resources and entrench itself in the emerging crypto custody market. Ripple has acquired Swiss-based Metaco for $250 million as part of the remittance network’s expansion into institutional crypto custody. The acquisition also comes amid a favorable ruling for Ripple in its ongoing lawsuit with the Securities
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Ripple acquires Swiss blockchain custody firm Metaco for $250M
On May 17, Ripple, creator of the namesake payments network and XRP token, announced it had acquired Swiss digital asset custodian and tokenization provider Metaco for $250 million. With the acquisition, Ripple says it will expand its enterprise offering to custody, issue, and settle tokenized assets. The firm's developers wrote: "Metaco will
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Ripple Buys Swiss-Based Metaco for $250M to Expand Into Crypto Custody
The purchase will allow Ripple to expand its offerings by incorporating the technology to custody, issue, and settle tokenized assets. Metaco offers customers crucial and secure custody infrastructure, allowing institutions to scale new business models in the crypto economy. Source
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Anchorage Digital opens up DeFi voting for custody clients
Institutional clients of crypto custody firm Anchorage Digital can now voice their concerns on proposals for tokens they hold without paying hefty gas fees.According to a May 16 statement, Anchorage will integrate off-chain, gasless multi-governance client Snapshot to allow its “token-holding community users” to vote on governance proposals with their
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