Authorization

Ledger Vault, Coinstreet Partners And Global Intelligent Trust Collaborate to Launch Digital Asset Custody Service for Digitized Securities, Tokenized Assets & Stablecoins

HONG KONG, Dec. 9,A 2019 /PRNewswire/ -- BMI Coinstreet Digital (BC-Digital), a joint venture between BMI Group & Coinstreet Partners, and Global Intelligent Trust (GIT), a licensed trust company in Hong Kong, announced their collaboration to launch digital asset custody services for initial Tokenized Security Offering (TSO), Digitized Security Offering (DSO), Tokenized Asset Offering (TAO), Security Token Offering (STO) and Stable Coin Offering (SCO). These services are built on Ledger Vault's digital asset custody solution, which will be integrated with STO Global-X's (STGX) digital asset tokenization and trading platform.This collaboration offers independent digital asset custody services to licensed broker dealers who provide fully compliant TSO, DSO, STO and SCO services to qualified corporate issuers. Investors subscribing to these offerings can store digital assets securely in Ledger's bank-grade digital vault operated by the consortium. Audited reports will be provided by qualified fund administrators, in the same way as a traditional financial custodian."Professional investors and fund managers investing in STOs may not want to manage the private keys in-house. As STOs gain traction, there is a strong demand for 3rd party independent digital asset custody services," said Chan Heng Fai, Chairman of Coinstreet Partners. "This consortium hasA also created a uniquely collaborative solution to resolve potential compliance risks caused by STO exchanges that offer trading and custody services on the same platform." "It is crucial to have best practices for custody services for digital assets, benchmarked to the professional standard in the traditional capital market industry," said Lowell Lo, Chairman of Global Intelligent Trust. "We are very pleased to contribute our 25+ years of experience in traditional financial services to build a world-class digital service together with the consortium."Ledger Vault provides flexible wallet technology infrastructure for STGX platform to create a sophisticated yet secure custody system with end-to-end hardware backed transfers and a strong multi-authorization governance model, ensuring no single points of failure. Ledger Vault's solution further allows STGX customers to fully control 100% of its keys, and manage its liquidity instantaneously.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Сентябрь 2020    »
ПнВтСрЧтПтСбВс
 123456
78910111213
14151617181920
21222324252627
282930