South Dakota Based Kingdom Trust Adds Zcash And Stellar Lumens to their list of crypto investments
Zcash (ZEC) and Stellar Lumens (XLM) have recently been added to the list of acceptable cryptocurrency investments on Kingdom Trust’s platform. Kingdom Trust is the leading, qualified custodian which holds digital currency investments.
With this addition, the crypto custody leader will now have 9 different crypto investments on its platforms. These include Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), and Ripple (XRP).
Kingdom Trust’s website says that they have over $12 billion in assets under custody and service 100,000 clients. As individual and institutional investors move into the market, the company believes that they fulfill a large gap in the market concerning cryptocurrency custody solutions. The custody platform is a front-runner in the digital investing space with over $12 billion assets under custody. They have over 1000 clients as well. The platform doesn’t endorse or support any individual investment advisor or investment sponsor. And neither do they endorse or sell any investment product.
Zcash has recently released the results of the community governance process at Zcon0, the first ever Zcash conference. The crypto company conducted the governance process as an experiment throughout June. Around 72 members from the Zcash community were selected to be part of the governance process. Out of this, 64 of them voted on several critical topics including electing nine candidates for the board.
The current bullish trend in the crypto market has ensured a low performance for Stellar as well. But recent rumors surrounding the Stellar Blockchain and IBM has piqued the interest of investors. Reports suggest that IBM might build a cryptocurrency on the Stellar Blockchain. There’s speculation in the market that Stellar could prove to be a promising investment for investors despite its low performance.
With increasing individual and institutional investors looking to invest in cryptocurrency, Kingdom Trust fills an important gap in the industry. Clients of the custody platform are allowed to store their cryptocurrencies in leading secured digital wallets. These devices ensure that the taxable and non-taxable account holders get the privacy and security that they are looking for.