- Crypto.com provides custodial services to institutional clients.
- Comprehensive insurance covers custody services.
The institution has also revealed that Crypto.com is the first leader in terms of regulatory compliance, security, and privacy within the cryptocurrency sphere and has just launched its institutional-grade custody services to be offered for institutional clients coming from the United States, Canada, and Singapore with the hope of offering enhanced protection and compliance for digital assets.
New custody services use the same robust technology that has protected Crypto.com’s platform since its inception. We specifically design these services for institutional clients who need safe and reliable custodial solutions for their virtual assets. The platform has more than 100 million customers worldwide, and these new services will add a lot to those offerings.
There are two main entities that offer Crypto.com Custody, Custody Trust Company, being a Qualified Custodian chartered by the New Hampshire Banking Department, and Crypto.com Custody Singapore, operated under the supervision of the Monetary Authority of Singapore. It ensures that all assets in custody remain safely stored within segregated client multi-party computation (MPC) wallets.
According to Kris Marszalek, Co-founder and CEO of Crypto.com,”Safety and security have always been core pillars since day one for our offering. We have heavily invested in being able to continue to build upon and enhance our capabilities and offerings while never compromising the integrity of our platform.” Our institutional custody offering is the most recent major step in offering the best and most comprehensive digital asset platform to clients.
Crypto.com Expands Custody Services to Institutional Clients
Crypto.com Custody offers a proprietary MPC implementation that provides private key protection. This approach includes randomization and execution in TEE for maximum security of clients’ assets. The platform complies fully with the international standards for anti-money laundering and countering the financing of terrorism.
Companies use the best comprehensive insurance policies to manage risks, including cyber insurance, tech errors and omissions insurance, and cold wallet insurance. These measures offer added comfort to clients whenever they are working with digital assets.
Crypto.com’s new custodial services provide an unmatched level of security and ensure smooth trading with the company’s institutional products, such that institutional clients will have an all-rounded solution to their safekeeping of assets.
