Singapore-based crypto custody service Onchain Custodian has been selected by blockchain platform Zilliqa to secure its network assets.
The Zilliqa system will be administered with institutional-grade security and insured custody services for its ZIL and ZRC-2 token through Onchain Custodian’s digital asset custody platform, which is insured by Lloyd’s underwriters and backed up level four hardware security modules.
In addition, Onchain Custodian will support XSGD, Zilliqa’s Singapore dollar-backed stable coin launched with fintech payments platform Xfers.
Alexandre Kech, CEO at Onchain Custodian, explained: “Beyond demands for greater security, our goal is to also bridge the gap between different project ecosystems, enabling clients to benefit from our token agnostic custody services while serving as a reliable liquidity partner.”
“As one of the leading blockchain projects in the region, we are thrilled to be partnering with Zilliqa at this time in order to bring greater security and compliance assurances across their ecosystem.”
Amrit Kumar, president and chief scientific officer at Zilliqa, added: “With blockchain experiencing increased institutional appeal across Southeast Asia, we are thrilled to partner with Onchain Custodian as they play a vital role in driving the legitimacy of digital assets across the region.”
