Decentralized Capital Allied with Custodian Vaults to Offer the Crypto Custody Services
The announcement says that the two firms “Decentralized Capital” and “Custodian Vaults” are collaborating together. However, they are planning to offer the crypto custody services as the “Australia’s first insured cryptocurrency vault”.
In accordance to AFR, “Stephen Moss”- The founder of Decentralized Capital and also the son of “Bill Moss”- the former Macquarie Bank property chief declared the project as seeking to offer “a solution for the next phase of the industry” continuing “it gives real security […] You can’t hack your way into the safe.”
Mr. Moss highlighted that his company is expecting to steer the digital currency boom for the lasting-haul, expressing:
In my opinion bitcoin will not be remembered as the bubble, but the pin [….] bitcoin may be debatable, the blockchain and its benefits are not.
He continued that “the new vault provide[s] customers [with] direct access to their holdings and combined physical surveillance, biometric identification, pin codes, CCTV monitoring, alarm and fire control systems.” Additionally, the vault premises “also house a private Wi-Fi room to allow cryptocurrency transfers in and out.”
Custody Services Targets the High Crypto Rollers
The firms’ vault services are primarily targeting the institutional and affluent investors, the issuers of ICO’s and cryptocurrency exchangers. Mr. Moss has announced that the cryptocurrencies held in the firms’ possession insured, although, did not offer the insurance provider’s identity.
Janie Simpson- the Custodian Vaults’ owner explains- “the firm’s decision to drive into the crypto custody industry was due to the increasing customer demand”.
“While traditionally we have offered secure vault services [….] receiving interest from clients searching for solutions to store cryptocurrency,” – said Mrs. Simpson.
Do you think that cryptocurrency investors seriously require this huge set of custodianship services? Share your views in dropping the comment below!