Arca Labs partners with five custodians to enhance digital securities industry
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Arca Labs partners with five custodians to enhance digital securities industry 08 December 2020US Reporter: Maddie Saghir
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Arca Labs, a digital asset investment firm, has made a set of partnerships with digital asset custody providers Anchorage, Gemini, Komainu, Ledger, and TokenSoft.
These providers of digital asset storage platforms will support ArCoin, the digital shares issued on the blockchain by investing in the Arca US Treasury Fund.
Arc Labs explained this the first time a registered digital security can be widely stored, managed, self-managed, third party managed, and self custody, by multiple digital custody providers.
Jerald David, president of Arca Labs, said: “Collaborating with prominent custody partners in the industry has elevated the options and choices that token holders have while ensuring a seamless and secure experience, much like they would find within the traditional finance sector.”
David added: “We’re very cognisant of the fears that traditional investors have when entering the digital assets space. After spending two years working to launch the Fund and ArCoin, this move is a major milestone in Arca’s ability to lead the industry with institutions and investors in mind.”
“We fully support Arca Labs’ efforts to deliver innovation, security and robust transparency to investors and to build inroads to enhance access,” commented Demetrios Skalkotos, head of Americas, Ledger Vault.
Skalkotos added: “They share our vision to bring stability and the necessary market structure to the industry and to work closely with partners and clients to further digital asset maturity. We are pleased to welcome ArCoin as a digital security accepted into our custody solution.”
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