Blockchain

Kingdom Trust Launches Lloyd’s of London-Insured Qualified Custody Platform for Digital Currency

Kingdom Trust Launches Lloyd’s of London-Insured Qualified Custody Platform for Digital Currency

Kingdom Trust Launches Lloyd’s of London-Insured Qualified Custody Platform for Digital Currency

Kingdom Trust, the first regulated financial institution to offer qualified custody for digital asset investments like Bitcoin and Ethereum, has secured insurance for digital assets held on its qualified custody platform through one of the world’s most respected insurers, Lloyd’s of London. The insurance, which was successfully placed by broker SDBIC, marks a solid resolve for institutional investors seeking to enter the crypto marketplace.

“Qualified custody by a regulated, insured financial institution is a top priority and critical hurdle for institutions to invest in the digital asset markets,” says Matt Jennings, CEO  of Kingdom Trust. “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.”

The company recently released a white paper clarifying the concept of “qualified custody.” The white paper, written by Jennings, outlines why the cryptocurrency marketplace benefits from the inclusion of qualified custodians like Kingdom Trust.

As a qualified, independent custodian, Kingdom Trust provides over 100,000 clients (with over $12 billion in assets under custody) a level of security, accounting, reporting and insurance for digital currencies not found elsewhere in the marketplace.

The company’s initial platform accommodated custody for four digital currency assets but now provides custody services for over 30 different assets, including Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, Litecoin, Ripple and recent additions of ZCash and Stellar Lumens —with many more on the horizon.

Kingdom Trust Launches Lloyd’s of London-Insured Qualified Custody Platform for Digital Currencyhttp://www.the-blockchain.comFounder and publisher of industry publication Blockchain News
(EST
2015) at www.the-blockchain.com, partner at ICO services collective
CryptoAsset Design Group ($500m+ and 50+ ICOs), director of education
company Blockchain Partners (Oracle Partner) and ICO event organiser at
leading industry event CryptoFinancing (Europe’s first ICO event now
branded Tokenomicon) – Vancouver native Richard Kastelein is an
award-winning publisher, innovation executive and entrepreneur. He sits
on the advisory boards of some two dozen Blockchain startups and has
written over 1500 articles on Blockchain technology and startups at
Blockchain News and has also published pioneering articles on ICOs in
Harvard Business Review and Venturebeat.
Ad honorem – Honorary Ph.d – Chair Professor of Blockchain at
China’s
first Blockchain University in Nanchang at the Jiangxi Ahead Institute
of Software and Technology. In 2018 he was invited to and attended
University of Oxford’s Saïd Business School for Business Automation 4.0
programme.
Chevalier (Knight) – Ordre des Arts et des Technologies at Crypto Chain
University and on advisory board of Advisory Board Member of
International Decentralized Association Of Cryptocurrency And
Blockchain (IDABC) as well as Advisory Board Member at U.S. Blockchain
Association.
Over a half a decade experience judging and rewarding some 1000+
innovation projects as an EU expert for the European Commission’s SME
Instrument programme as a startup assessor and as a startup judge for
the UK government’s Innovate UK division.
Kastelein has spoken (keynotes & panels) on Blockchain
technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels,
Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki,
London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San
Francisco, Santa Clara, Shanghai, Singapore (3x), Tel Aviv, Utrecht,
Venice, Visakhapatnam, Zwolle and Zurich. His network is global and
extensive.
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has
ranged from the Canadian Native Press (Arctic) to the Caribbean
& Europe. He’s written occasionally for Harvard Business
Review, Wired, Venturebeat, The Guardian and Virgin.com and his work
and ideas have been translated into Dutch, Greek, Polish, German and
French.
A journalist by trade, an entrepreneur and adventurer at heart,
Kastelein’s professional career has ranged from political publishing to
TV technology, boatbuilding to judging startups, skippering yachts to
marketing and more as he’s travelled for nearly 30 years as a Canadian
expatriate living around the world.
In his 20s, he sailed around the world on small yachts and wrote a
series of travel articles called, “The Hitchhiker’s Guide to the Seas’
travelling by hitching rides on yachts (1989) in major travel and
yachting publications. He currently lives in Groningen, Netherlands
where he’s raising three teenage daughters with his wife and sailing
partner, Wieke Beenen.

Source

loading...

Most Popular

To Top