- These services are the group’s institutional-grade custody offerings that are serviced out of Singapore and the United States.
- The organization has implemented a wide variety of insurance policies to guarantee that all potential distant risk situations are covered.
Crypto.com, which is trusted by more than 100 million customers all over the world and is the industry leader in regulatory compliance, security, and privacy, is thrilled to announce the launch of Crypto.com Custody services. These services are the group’s institutional-grade custody offerings that are serviced out of Singapore and the United States. The custodians in question are designed specifically for institutional customers who have a need for custodial services.
The custody services provided by Crypto.com have been protecting digital assets ever since the company was established. These services are based on technology that has been through the ringer and are now made accessible to external customers. They support the same full suite of tokens as the company’s larger platform. Institutional customers from the United States and Canada may ensure the safety of their funds by using Crypto.com.
Custody Trust Company is a Qualified Custodian that is chartered by the New Hampshire Banking Department as a non-depository trust company. Institutional clients located outside of the United States and Canada have the ability to utilize the services of Crypto.com Custody Singapore*, which is a Singaporean company that operates under the supervision of the Monetary Authority of Singapore.
Kris Marszalek, Co-founder and CEO of Crypto.com stated:
“Safety and security have been core pillars of our offering since our inception. We have invested significantly in continuing to enhance our capabilities and offerings while never compromising the integrity of our platform. Our institutional custody offering is our latest significant step in providing clients the best and most comprehensive digital asset platform available.”
When it comes to providing end-to-end security, the Crypto.com Custody platform engages in a secure interaction with the client-segregated MPC wallets of the custodian. This platform was created with safety and convenience of use in mind. A unique MPC implementation that incorporates randomization and execution inside trusted execution environments (TEE) serves as the foundation for private key protection.
Using compliance toolkits, the offering ensures that all assets and transactions comply with global anti-money laundering and countering the financing of terrorism standards as well as local regulatory requirements. Furthermore, the organization has implemented a wide variety of insurance policies to guarantee that all potential distant risk situations are covered. These policies include cyber insurance, tech errors and omissions insurance, fidelity and crime bond insurance, and cold wallet insurance.
In addition, as part of the entire end-to-end digital asset solution that Crypto.com Custody offers, users will soon have the ability to trade on Crypto.com’s industry-leading institutional products in a seamless manner, all the while having their assets securely stored in the client-segregated custodian wallets of a bankruptcy-remote enitity.
At crypto.com/custody, those who are interested in submitting their contact requests may get started.
