The Sequoia-backed Onchain Custodian to Release Its Crypto Asset Custody Service
The Singapore Headquartered Onchain Custodian has just gone ahead to announce the new launch of their platform, which will be a digital asset custody platform for their users. They are expected to have the launch in the upcoming Chain Plus Asia Pacific Blockchain, which is a New Finance Summit. It has been scheduled to take place in Singapore on the 11th and the 12th of April.
The summit is expected to attract many of the high profile professionals who are around the Asian market.
More On The Platform
The platform was founded back in 2017, as a custodian solution within the blockchain technology, one that has been able to provide an online platform that will allow users to store their digital assets securely. The company has also gone ahead to claim that they have been able to maintain the best institutional grade security standards that you can find in the market.
The founder of NEO and the Chairman of the Onchain Custodian, Da Hongfei went on to state that the use of third-party custody has become one of the essential pillars that are needed to ensure they have driven the mainstream adoption of the various tokenized assets. The Onchain Custodian has been able to contribute to this very important piece of infrastructure within the market to the growing economy that is surrounding the digital assets.
The platform has been dubbed as being SAFE; thus, they will ensure that they have supported all the mainstream coins that are in the initial phase. Additionally, they are also planning on extending their current support that is used for storing the securities tokens together with the stablecoins within the market.
Onchain Custodian aims to bring peace of mind to customers who should only be concerned by the growth of their business. ONC focuses on securing their digital assets to allow them to do exactly that!” Alexandre Kech, CEO of the company, added.
More To Expect To See From The Company
The Singapore based company has also been able to attract the needed attention from the market, especially within the venture capital market as they have been able to secure a good amount of undisclosed funds that are from the Fosun, Sequoia and the DHVC.
As per the company website, with the current custodian solutions that they are offering the company is targeting to have a wide range of customers; this is including the crypto exchanges, hedge funds, miners, OTC brokers, crypto funds together with the asset managers.
It was also stated that the Ontology Foundation went ahead to appoint the Onchain Custodian to be used as the independent third party in their current reserves, this is according to the founder of the Ontology Foundation, Li Jun. With the use of the Onchain Custodian, it will allow the company to increase its transparency within the community and will also enable the company to focus its resources and energy in progressing the Ontology project.
Thus, they will have left the safekeeping of their digital assets to the strong team of professionals that is backed on the Onchain Custodian.
The Custodian Services Are High In Demand Within The Market
It has been noted that the custodian services have become the new hot thing in the market and has become a very lucrative industry that should be taped into. As a result, it has led several businesses within the market to gain some interest, this is including Fidelity, as they have proposed they will be introducing a custodian service that has been designed specifically for the crypto market.