Kingdom Trust Launches Lloyd’s of London-Insured Qualified Custody Platform for Digital Currency
"Qualified custody by a regulated, insured financial institution is a top priority and critical hurdle for institutions to invest in the digital asset markets," says
The company recently released a white paper clarifying the concept of "qualified custody." The white paper, written by Jennings, outlines why the cryptocurrency marketplace benefits from the inclusion of qualified custodians like
As a qualified, independent custodian,
The company's initial platform accommodated custody for four digital currency assets but now provides custody services for over 30 different assets, including Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, Litecoin, Ripple and recent additions of ZCash and Stellar Lumens --with many more on the horizon.
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