ETC Group picks Komainu as new ETP custodian 12 April 2023Jersey Reporter: Lucy Carter
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European digital asset-backed securities (ETPs) issuer ETC Group has selected digital asset custody service Komainu as custodian for its first index ETP, scheduled to launch on Deutsche Borse’s XETRA this April.
The ETC Group MSCI Digital Assets Select 20 ETP is the first digital asset ETP to be based on an MSCI index, tracking the MSCI Global Digital Assets Select 20 Capped Index and enabling diversified digital asset allocation.
Commenting on the partnership, Darren Jordan, head of sales at Komainu, says: “Komainu's institutional-grade custody solution, regulatory framework and industry-leading technology make us the ideal custodian for issuers such as ETC Group, and we look forward to supporting their continued growth in the digital asset space.”
Tim Bevan, ceo-CEO of ETC Group, adds: “Custody is always a primary focus for institutional investors when it comes to digital assets. Komainu is the ideal partner for this new benchmark product, giving a breadth and flexibility unique in the market. They have a strong track record in providing the type of regulated, cold-storage custodial solutions demanded by institutional investors.”
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