Coinbase Custody Now Includes Blockchain Capital’s BCAP Digital Security Support
- Coinbase has gone ahead to announce their support for the BCAP tokens that are on the Coinbase Custody.
- A move that has been considered to be very important in the world of digital securities.
Coinbase Custody Adds BCAP
Coinbase Custody's decision to support the BCAP token has assured investors that they have a reliable service that will store their BCAP tokens, but this is not all as they will also be able to withdraw and deposit.
Since the beginning, having a reliable custody solution has been considered to be the main hurdles that are experienced within the community. It is the main thing that has been hindering mainstream adoption of digital securities. As a result, it has led several companies to work on a solution.
And the Coinbase company is one of these companies, one that has been in the industry for a brief time but has made a considerable impact with their favorite services. To date, the platform is managing about $1 billion funds that are being represented by more than 30 assets; this is including the BCAP.
What To Know About The BCAP?
It is referred to as the Blockchain Capital; it has become a notable platform as they are one of the first security tokens that have been offered to investors. It was developed through the use of the DS protocol, that is part of the Securitize.
The BCAP has been designed to show the fractionalized ownership that can be found in an investment fund, one that has been specially tailored around the blockchain technology. The headquarter is based in San Francisco and is being overseen by W. Bradford Stephens and P. Bart Stephens.
As for Coinbase, this is a San Francisco-based company that has been designed as a service provider that is within the crypto space. The service they offer tends to range from custody solutions, merchant services, and trading capabilities. But even with their attending team, the platform has had its fair share of struggles in the past months. As a result, it has led to high-level employees leaving the company.