Custodial Services

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Fidelity Investments’ Digital Asset Custody Services Arm Expands to Asia

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Fidelity Digital Asset Services has revealed the company is expanding into Asia and plans to help high-net-worth investors and family offices in the region with custodial crypto products. Fidelity is working with the Singaporean startup Stack Funds, a fully-insured custody operation servicing traditional financial institutions. Fidelity Investments Inc., is an American multinational financial services corporation … Read more

Paypal’s Crypto Embrace: Morgan Stanley Says Move Boon for Mass Adoption, Critics Say Payment Giant Violates Crypto Principles

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The entry of Paypal into the cryptocurrency industry continues to expose the divide between traditional crypto space players who are less enthusiastic and non-crypto players who endorse the move. Non-crypto players like the analysts at Morgan Stanely are agreement with the notion that the payments giant’s move will lead to greater adoption cryptocurrencies. Nevertheless, the … Read more

As Gold Touches New Highs Investors Face Storage Issues, Market Dilution, Threat of Seizures

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During the last few weeks, gold has skyrocketed in value over the concerns fueled by the faltering global economy. Despite the fact that gold has always been a safe-haven, many investors are looking to bitcoin because they fear central banks will dilute the market or even confiscate the gold. Prior to Covid-19, central banks purchased … Read more

Several Dozen Banks in Germany Want to Provide Custodial Cryptocurrency Services

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For many years, financial institutions have shunned cryptocurrencies and their users. During 2020 and beyond, those same banks will begin providing crypto-related services to attract more customers. Custodial services related to cryptocurrencies appear to be in high demand. Germany is Warming up to Cryptocurrencies This is especially the case in Germany, at least according to … Read more

Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be Bankers?

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Growth is a goal that’s worth achieving, in most cases, and the current economic paradigm favors it. But when central banks start undermining their fiat economies and crypto companies begin to mimic financial institutions in its name, growth becomes an end in itself with self-destructive tendencies. Deutsche Bank’s head of strategy Jim Reid recently noted … Read more

Online Bank Swissquote to Add Crypto Custodial Service

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Lack of access to custodians that institutional investors know and trust is seen as a major hurdle for growing the sector. Thankfully, the demand has caused a flurry of companies to enter the business, with the latest being online bank Swissquote. Also Read: UK Regulator: 3% of Brits Have Bought Cryptocurrency Swissquote to Use Services … Read more

Bermuda Issues Draft Crypto Custodial Services Regulation

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The Bermuda Monetary Authority (BMA), the island’s foremost financial services regulator, has published a draft regulation for cryptocurrency custodial services. The regulation – Code of Practice for Digital Asset Custody – outlines prescriptions to ensure the secure handling of customers’ crypto assets. Also read: Brazilian Supermarket Chain Now Accepts Payment in Bitcoin ‘Safe Space for Investment’ … Read more

Lloyd’s of London Insures Cryptocurrency Custody Service Kingdom Trust

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According to the institutional cryptocurrency storage platform Kingdom Trust, the company is now insured by the world’s largest insurance marketplace, Lloyd’s of London. The Kentucky-based alternative asset custody service, Kingdom Trust, claims to hold assets worth $12B that consist of 30 digital currencies under its wing. Also Read: Crypto-Backed Lending Platform Blockfi Approved to Operate in … Read more