Decentralised Capital & Custodian Vaults Partner for Crypto Storage Solution
Decentralised Capital Partners with Custodian Vaults to develop Crypto Storage Solution
Decentralised Capital will collaborate with Custodian Vaults to avail insured digital currency custody services to Australian investors. The former is an advisory company that concerns itself with the management of digital assets, while the latter deals with vaulting of private investments. According to reports, this solution is the first of its kind in the Australian market.
As per a local publication, the founder of Decentralised Capital, Stephen Moos, the intention of this partnership is to provide a future-proof solution to the cryptocurrency industry. He further added that security features deployed in the vault make it impenetrable. Moos reiterated that his firm is hoping to capitalize on the frenzy around digital currencies, saying that Bitcoin will be forever remembered as the pioneer of blockchain technology. In this regard, Stephen stated that Bitcoin’s future may be unknown, but the merits of distributed ledger technology are irrefutable.
Speaking on the features of the new vault, Stephen disclosed that the solution combines multiple state-of-the-art security mechanism, including biometric authentication, PIN codes, CCTV surveillance, physical security and automated alarms and fire controls. Moreover, the vault also integrates a confidential Wi-Fi room that facilitates the management of cryptocurrency transactions.
Primarily, the crypto asset vault will target corporate clients as well as wealthy individuals. Digital currency trading platforms and token issuers are also expected to grace the vault's clientele. To this end, Stephen announced that all assets held in the vault will be insured, although he did not publicize the identity of the insurer.
On the other hand, Custodian Vaults decided to forge a partnership with Decentralised Capital and delve into the crypto space due to the pressure from incoming customers. Janie Simpson, a director at Custodian Vault’s parent company, stated that the company was forced to add cryptos to its portfolio which previously dealt exclusively in the storage of precious metals.