aXpire selects DACC for custody services 09 November 2018London Reporter: Jenna Lomax
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Digital Asset Custody Company (DACC) has been selected to provide custody solutions for blockchain fund provider and fintech firm, aXpire.
DACC is a purpose-built custodian to safeguard digital assets for institutions.
DACC will help aXpire store its underlying digital assets by providing a full range of custody services.
Its Enclave wallet can custody over 100 cryptocurrencies and 12 blockchains and provides clients with physical and digital security to safeguard their assets.
aXpire, which was recently acquired by blockchain accelerator BlockchainWarehouse, is a global provider of asset management technology focused on blockchain and the institutional funds industry.
It provides token generation event products, enterprise resource planning tools and blockchain funds to institutional investors.
Doug Schwenk, co-founder and chairman of DACC, said: “We are proud to provide our custody solutions to aXpire. Establishing a partnership with aXpire was a clear next step for DACC. We are always working to expand our asset support to reach the largest number of cryptocurrency investors and give institutional investors a greater sense of confidence in the industry’s future.”
Adrian Guttridge, co-founder and chairman of aXpire, explained: “We were, and we still are, looking to establish aXpire as a leading provider of blockchain software and funds, and DACC helps us do that by assuring all of our underlying digital assets are kept safe.”
He added: “When looking for a solution to custodial services, it quickly became clear that DACC offers the technical know-how, institutional expertise and experience, knowledge of compliance requirements, and commitment to client service we require to continue growing our company and assisting new issuers.”
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