Kingdom Trust, the first regulated financial institution to offer qualified custody for digital asset investments, has launched Lloyd’s of London-insured qualified custody platform for digital currency.
The insurance, which was successfully placed by broker SDBIC, marks a solid resolve for institutional investors seeking to enter the crypto marketplace.
The company recently released a white paper, which clarified the concept of qualified custody. The paper outlined why the cryptocurrency marketplace benefits from the inclusion of qualified custodians like Kingdom Trust.
The company’s initial platform accommodated custody for four digital currency assets but now provides custody services for over 30 different assets.
Matt Jennings, CEO of Kindgom Trust, commented: “Qualified custody by a regulated, insured financial institution is a top priority and critical hurdle for institutions to invest in the digital asset markets.”
Jennings added: “By adding another trusted specialist like Lloyd’s to our platform, we’re ensuring that current and future clients will have access to a highly-secure, complete safekeeping solution tailored to meet the challenges of institutional finance.”
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