ONC launches new custody service 24 April 2019Singapore Reporter: Jenna Lomax
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Onchain Custodian (ONC) has launched a personalised custody service for market participants and accredited investors to secure digital assets with institutional grade security and controls.
Accuity will use ONC for know-your-customer and anti-money laundering compliance, and Polymath, will utilise ONC as one of its custodian service providers.
Tembusu Partners, Pre Angel, JLAB, JD Capital, Fission Capital, Frees Fund, Timestamp Capital, Milestone, among seven others, are due to start the on-boarding process with ONC in the coming weeks.
The SAFE digital asset custody platform was launched on 11 April during the Asia Pacific Blockchain New Finance Summit in Singapore.
Alexandre Kech, CEO of ONC, said: “Best practices around digital asset custody are critical to the future of this industry.”
He added: “We are committed to work with customers but also associations like the Distributed Regtech Collaboration Platform, the Malaysia Blockchain Association or the Digital Exchange Association to build the global standard for digital asset custody.”
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