Branding China (BC Group) Announces Insured Crypto Custody Product For Asian Investors
Branding China Group (BC Group), a Hong Kong-based provision of technology and software solutions with managed services in the digital asset and blockchain related technology industry, has recently launched a new product: an insured custody product for crypto investors based in Asia. The new initiative was announced in the press release of the company.
This service was specifically created in order to cater to institutional investors in Asia. The company owns a large portfolio of crypto investments, including Anxone (a trading platform) and OSL (digital brokerage), so it is bound to attract investors.
In order to offer this new product, the BC Group will use U. K.-based insurers, but the solutions will only be available for clients based in certain Asian countries.
According to Hugh Madden, the Chief Technology Officer of the company, the BC Group uses its custody services in order to remove one of the main barriers that have prevented professional traders from getting digital assets until today. Insured custody will be important because these are investors who only invest when they are fully assured that their funds are safe and compliant.
While retail investors can invest without any kind of safeguard, the BC Group knows that their institutional peers need the highest level of security and compliance or they will take their money elsewhere and they do have a lot of money. Since this market is greatly expanding, this is the time to offer such a service.
All the funds from the investors will be transferred directly to cold storage as soon as they buy them, following the top industry security requirements. With platforms like Bakkt going online in 2019, it seems like the time for institutional trading is now.