Institutional Custody Will Challenge Retail-Oriented Crypto
The bearer nature of digital assets presents challenges to institutions getting into crypto. The need for greater security will likely impact the whole industry.
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Recently, the market has remained sluggish, and the crypto bear has been a great challenge to both individual and institutional investors. Over the recent period, it has been reported that many big-name VC funds sold off the tokens of the projects they had invested in as soon as they were unlocked. In particular, the token […]
The exchange is set to enter the crowded market of institutional bitcoin custody as it aims to become a service provider in the cryptocurrency space.
Coinbase has revealed that it has had “an explosion of incoming capital.” Its assets under custody currently stand at $20 billion, $14 billion of which were accumulated since April. Coinbase highlights a string of bullish events that have “really unleashed” a wave of institutional adoption. Coinbase Has $20 Billion Under Custody Coinbase’s Head of Institutional Coverage, Brett Tejpaul, talked about institutional demand for bitcoin in an interview with Heidrick & Struggles International, published on Friday. Tejpaul has 25 years of experience in sales and....
Large financial institutions are getting involved in digital assets by investing capital, time and effort into custody technology solutions. Until 2020, most of the crypto market action was largely driven by retail enthusiasm. It was only around August 2020 that institutions started to participate meaningfully in this asset class. As the United States Federal Reserve unleashed trillions of dollars of liquidity into the market during the COVID-19 pandemic, retail and institutional investors jumped onto the cryptocurrency bandwagon.While crypto loyalists claim large-scale institutional....
SC Ventures, the innovation and ventures unit of Standard Chartered, will launch a crypto custody service targeting institutional investors in London next year. According to a Dec. 9 press statement, the British bank is partnering with U.S. wealth and asset management firm Northern Trust for the project. Together, they will launch a new business called Zodia Custody. The deal is still subject to registration with the U.K. Financial Conduct Authority (FCA) and other regulatory approvals. At launch, Zodia will provide custody services for bitcoin (BTC), ether (ETH), ripple (XRP), litecoin....