First Digital Trust, the crypto custody arm of Hong Kong-based financial custodian Legacy Trust, has raised $3 million in fresh funding from Telegram investor Nogle Capital.
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With big banks still mostly eschewing the 11-year-old digital-asset industry, a new breed of lenders is stepping into the void to meet the demand. Enter BitGo.
“Big Four” consultancy giant KPMG has said that cryptocurrency custodians have “tremendous” growth potential as more institutional investors join the space.
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- An investor document obtained by The Block details nine-figure valuations for crypto firms Anchorage and Securitize
- Both deals were from 2019: Anchorage raised a $40 million in its Series B, led by the industry investment firm, and Securitize raised $15 million, with $2 million of that coming from Blockchain Capital
- The valuations for Anchorage and Securitize offer a glimpse into which industry sectors – in this case, security token platforms and custody for crypto – are drawing big-name investors.
U.S.-based crypto custodian BitGo, which claims to have over $2 billion in clients’ assets, has expanded its operations to Europe.
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Israel-based cybersecurity startup GK8 is offering a bounty of up to $250,000 in bitcoin if someone is able to hack its cold wallet.
The post Security firm GK8 offers up to $250K in bitcoin if someone hacks its cold wallet appeared first on The Block.
Five lawmakers from the U.S. state of Hawaii have introduced a bill seeking to authorize banks to provide custody for cryptocurrencies.
The post Hawaii senators file a bill to allow banks to offer crypto custody services appeared first on The Block.
Raiz Invest, Australia-based micro-investing platform that allows users to invest spare change from everyday purchases, is launching a fund with bitcoin exposure.
The post Investing spare change in bitcoin – Australian firm launching a fund with Gemini as the custodian appeared first on The Block.
Financial services giant State Street has partnered with cryptocurrency custodian Gemini Trust for a new digital assets trial. Announced Tuesday, State Street – which has over $32 trillion in client assets under custody and nearly $3 trillion in assets under management – said the trial, “the first of its kind,” will examine reporting scenarios for digital […]
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