Finoa, the Qualified Crypto Custodian, Partners With DLT Finance, the Securities Trading Bank for Crypto, to Offer Regulated Digital Asset Brokerage Services to Its Institutional Investors
Finoa, the regulated crypto asset custodian for institutional investors and Web3 companies, has partnered with the digital asset infrastructure provider and licensed securities trading bank DLT Finance to offer regulated digital asset brokerage services to its clients.
Komainu to provide digital asset custodial services for CoinShares
The Komainu digital asset custody provider will serve as the custodian of all digital assets held by CoinShares and the XBT Provider family of ETPs
Ledger, CoinShares, and Nomura Join Forces to Launch Komainu, an Institutional Grade Bitcoin Custody Service
Komainu was first announced in May 2018. The companies which make up the joint venture include Ledger, a hardware wallet and crypto asset security firm, Coinshares, a crypto investment fund, and Nomura, a Japanese based global investment bank.
Swiss NGO proposes requirements and standards for crypto custody
The Capital Markets and Technology Association is a document defining requirements and recommendations for technology solutions enabling the custody and management of digital assets.
Anchorage adds custodial services for Compound governance token and the TrustToken stablecoin
The company has significantly increased the number of digital assets it supports this year, having already added XRP and Celo Gold.
Anchorage adds supports for XRP
Institutional custody solution provider Anchorage has added support for XRP, the third-largest digital asset by market cap.
40 German banks apply to offer crypto custody services
Over 40 German banks have applied for the new crypto custodian license necessary for the provision of professional custody services.
Japan’s Cryptocurrency Business Association releases new guidance
The Japan Cryptocurrency Business Association (JCBA) has released new guidance on the regulation of crypto asset management.
Crypto custody market heats up as Coinbase buys Xapo
Financial giants and crypto startups are battling it out for a share of the growing crypto custody industry which promises to boost the market by making this new class of assets available to institutional investors.
Regulators give nod to non-custodial exchanges
A new statement from the SEC and FINRA suggests that non-custodial exchanges may have a headstart when it comes to navigating regulatory issues.
Bakkt buys crypto asset custody company
Bakkt has acquired crypto custodian, Digital Asset Custody Company, and partnered with custodial bank, BNY Mellon. These developments are part of its strategy to provide a fully regulated, end-to-end crypto asset custody and trading ecosystem for institutional investors.
Coinbase service launch marks new era in crypto custody solutions
The launch of “institutional grade” cryptocurrency custodian services by Coinbase and others is easing the path of major investors into cryptographic assets
CSA Staff Notice 46-307 Cryptocurrency Offerings
Cryptocurrency offerings can provide new opportunities for businesses to raise capital and for investors to access a broader range of investments. However, they can also raise investor protection concerns, due to issues around volatility, transparency, valuation, custody and liquidity, as well as the use of unregulated cryptocurrency exchanges. Also, investors may be harmed by unethical practices or illegal schemes, and may not understand the properties of the investment products that they are purchasing. Many of these cryptocurrency offerings involve sales of securities. Securities laws in Canada will apply if the person or company selling the securities is conducting business from within Canada or if there are Canadian investors. Given the significant growth in this area and requests for guidance, we are publishing this Staff Notice to help financial technology (fintech) businesses understand what obligations may apply under securities laws. We note that these products may also be derivatives and subject to the derivatives laws adopted by the Canadian securities regulatory authorities, including trade reporting rules.
