Trustology has revealed its new credentials wallet for crypto funds to manage on-exchange risks, which will be available on Trustology’s TrustVault platform.
The new solution will provide advanced controls for managing on-exchange assets to help meet emerging investor and regulatory demands on funds who are expected to secure assets both on-chain, as well as on-exchange.
The new exchange credentials wallet offers “advanced controls across application programming interfaces and time-based one-time password secret keys to build trust with investors, evidence compliance, reduce operating risks and conveniently manage asset transfers across exchange and custody accounts”, according to Trustology.
Additionally, it will allow investment managers to demonstrate to investors and regulators mitigation of holding and fiduciary risks.
Trustology explained that fund managers will be able to use the TrustVault Web app and transfer funds between approved exchange, custody or counterparty addresses, as opposed to logging in to multiple exchanges to transfer funds.
Alex Batlin, Trustology's founder and CEO, commented: “Crypto institutionalisation has arrived. Regulators, such as Hong Kong’s Securities and Futures Commission who last year published the Virtual Asset Guidelines, have made it clear that investment managers must safeguard assets on-chains and on-exchanges.”
Batlin added: “Investors going forward will allocate significant assets to managers who can demonstrate not just superior returns, but exceptional execution, risk management, and cost-control."
