DACC Launches Monero (XMR) Institutional-Grade Crypto Custody Solution

Digital Asset Custody Company Announces Solution for Monero

Secaucus is a leading custody solution that is purpose-built for institutional investors who have digital assets. The platform recently announced that it has expanded its custody solutions to include Monero (XMR). XMR launched in 2014 and is seen as one of the most exclusive cryptocurrencies on the market.

According to Co-Founder and Chief Product Officer at DACC Matthew Johnson,

“Given the complexity of supporting Monero in a cold storage environment, we are excited to be among the first custody providers for XMR. Monero is one of the industry’s most valuable assets due to its market capitalization and privacy-oriented structure, and we’re proud to be able to hold the token in a secure manner for investors. We are particularly grateful for the cooperation of the Monero community, which has been helpful while we built out our coverage offering.”

Though Monero’s privacy mechanisms are a driving force behind its popularity, such mechanisms need an intensive process to create custody solutions. According to DACC Co-Founder and Chairman Doug Schwenk,

“Our Enclave wallet technology allows us the flexibility to support many blockchains and has allowed us to build an operational process to complete a Monero transaction in the same window of time as in other tokens.”

DACC was founded with five core principles in mind, including innovation in custody and wallet technology; support for any digital asset or token; security as a feature; regulatory clarity and compliance with all applicable rules and regulations; and institutional-grade, while-glove client services. The DACC platform offers a range of institutions custody solutions for over 95 cryptocurrencies and 12 blockchains, including traditional hedge funds, crypto hedge funds, family offices, sovereign wealth funds, and private equity firms.

Aside from releasing Monero custody solution, DACC also announced that it has solutions for stablecoins and other privacy coins such as Zcash and Horizen.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,483FansLike
2,795FollowersFollow
4,263FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Gemini Crypto Exchange Opens Up GBP for Buying, Selling, and Trading for UK Customers

Cryptocurrency exchange Gemini is now expanding into the UK. The launch follows obtaining an electronic-money institutions (EMI) license from the Financial Conduct Authority (FCA) after...

Stocks & Gold Getting Hammered But Bitcoin Fundamentals Do Not Support A BTC Crash to $7k

In another red day of the week, Bitcoin dropped to about $10,150 level. Just like the weak price performance, with BTC currently trading around...

People's Bank of China (PBoC) Testing Digital Yuan (DCEP) for Credit Card Payments

China has been aggressively developing its central bank-issued digital currency (CBDC), popularly known as digital yuan. As per the latest reports, the People's Bank...

Indian Crypto Exchange, Pluto, Pulls An Exit Scam on Investors; Making Off With $270K

A Delhi-based crypto exchange, Pluto, has allegedly exit scammed and stolen about $270,000 worth from 43 investors. The local reports suggested that the Economic...

Bitcoin Mining Legalized in Venezuela But Being Centralized with National Digital Mining Pool

Venezuela has fully legalized bitcoin mining. According to a recent decree from the National Superintendency of Crypto Assets and Related Activities (SUNACRIP), the use,...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today