Onchain Custodian has onboarded Hong Kong-based Babel Finance onto its custody platform to enhance its asset management service and roll out its crypto product offering.
Babel Finance’s offering on Onchain Custodian’s platform will allow clients to transfer their crypto assets to Babel Finance to generate interest through pledged loans.
Upon settlement, investment and profits are returned to the client’s wallet with Onchain Custodian for safekeeping, where assets are secured and insured.
El, COO of Onchain Custodian, said: “The collaboration with Babel Finance will grant our institutional clients and investors access to financial instruments in the token economy. This partnership is part of a strategic move to build an ecosystem of partners working with Onchain Custodian for the benefit of our customers.”
Yulong Liu, head of global partnerships at Babel Finance, added: “Babel Finance is excited for this partnership with Onchain Custodian. We believe this joint initiative will help us target the burgeoning demand for crypto allocation across the ASEAN region and provide a comprehensive suite of solutions for both existing and potential crypto investors.”
