GCEX selects Trustology as digital asset custody provider
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GCEX selects Trustology as digital asset custody provider 22 June 2020London Reporter: Rebecca Delaney
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Trustology and GCEX have partnered to create a secure liquidity network supported by institutional-grade custody for digital asset trading among their investor and broker client base.
Crypto custody solutions provider Trustology and over-the-counter (OTC) broker GCEX intend to form a network that will improve liquidity, efficiency, and security on exchanges.
Trustology utilises enterprise-grade private key and transaction management security protocols via TrustVault in order to provide clients with advanced biometrics, compliance controls, and multiple levels of data encryption. GCEX data will be consolidated through application programming interface (API) integration.
Alex Batlin, founder and CEO of Trustology, commented: “We're delighted GCEX selected Trustology as their custody provider. We are looking forward to helping GCEX support their institutional investors across the entire spectrum of the crypto industry, be that safekeeping assets, transacting on-chain, on-exchange, facilitating settlement or when using decentralised finance (DeFi) protocols.”
He continued: “Excitingly, this also opens up broker access to DeFi liquidity and loans, where Trustology can help them navigate DeFi lending and staking platforms to maximise their earnings potential and capitalise on profits in their brokerage accounts, often removed due to fear of counterparty risk.”
Lars Holst, founder and CEO of GCEX, added: “This partnership could not come at a better time as we move toward building a liquidity network for the broader cryptocurrency markets and institutional activity in DeFi has started to increase. Trustology’s commitment and unique approach to safeguarding assets, and enabling fast custody across chains and protocols without compromising on security or access make it the perfect custody partner for our burgeoning ecosystem.”
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